In the preceding three months, 27 analysts have released ratings for Uber Technologies UBER, presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 15 | 12 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 10 | 7 | 0 | 0 | 0 |
| 3M Ago | 4 | 2 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $88.67, a high estimate of $100.00, and a low estimate of $75.00. Surpassing the previous average price target of $88.61, the current average has increased by 0.07%.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Uber Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Thomas Champion | Piper Sandler | Raises | Overweight | $88.00 | $86.00 |
| Ronald Josey | Citigroup | Raises | Buy | $96.00 | $93.00 |
| Jason Helfstein | Oppenheimer | Maintains | Outperform | $90.00 | $90.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $80.00 | $80.00 |
| Ronald Josey | JMP Securities | Lowers | Market Outperform | $75.00 | $80.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $80.00 | $80.00 |
| Rob Sanderson | Loop Capital | Lowers | Buy | $83.00 | $88.00 |
| Brian Pitz | BMO Capital | Maintains | Outperform | $92.00 | $92.00 |
| Rohit Kulkarni | Roth MKM | Lowers | Buy | $89.00 | $91.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
| John Colantuoni | Jefferies | Lowers | Buy | $100.00 | $103.00 |
| Lloyd Walmsley | UBS | Lowers | Buy | $95.00 | $100.00 |
| Ronald Josey | Citigroup | Raises | Buy | $93.00 | $91.00 |
| Brad Erickson | RBC Capital | Lowers | Outperform | $80.00 | $85.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Overweight | $89.00 | $95.00 |
| John Blackledge | TD Cowen | Lowers | Buy | $88.00 | $90.00 |
| Scott Devitt | Wedbush | Lowers | Outperform | $80.00 | $85.00 |
| Justin Post | B of A Securities | Lowers | Buy | $87.00 | $91.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
| Tom White | DA Davidson | Maintains | Buy | $81.00 | $81.00 |
| Jason Helfstein | Oppenheimer | Maintains | Outperform | $90.00 | - |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $96.00 | $72.00 |
| Michael Morton | MoffettNathanson | Maintains | Buy | $92.00 | - |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $95.00 | $90.00 |
| John Colantuoni | Jefferies | Raises | Buy | $100.00 | $95.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $85.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Uber Technologies. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Uber Technologies's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
All You Need to Know About Uber Technologies
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
Uber Technologies: Financial Performance Dissected
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Uber Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.82% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Uber Technologies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -6.46%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Uber Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -5.86%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Uber Technologies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.67%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Uber Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.01.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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