Analysts' ratings for Uber Technologies UBER over the last quarter vary from bullish to bearish, as provided by 24 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 11 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 2 | 4 | 0 | 0 | 0 |
| 3M Ago | 10 | 5 | 0 | 0 | 0 |
Analysts have recently evaluated Uber Technologies and provided 12-month price targets. The average target is $88.04, accompanied by a high estimate of $100.00 and a low estimate of $75.00. This current average has decreased by 0.35% from the previous average price target of $88.35.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Uber Technologies by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $91.00 | $89.00 |
| 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 |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect 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.
To gain a panoramic view of Uber Technologies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
Discovering Uber Technologies: A Closer Look
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.
Financial Insights: Uber Technologies
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Uber Technologies displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 14.82%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Uber Technologies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -6.46% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -5.86%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.67%, the company may need to address challenges in generating satisfactory 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.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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