During the last three months, 29 analysts shared their evaluations of Uber Technologies UBER, revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 17 | 11 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 6 | 2 | 1 | 0 | 0 |
| 2M Ago | 3 | 5 | 0 | 0 | 0 |
| 3M Ago | 7 | 4 | 0 | 0 | 0 |
Analysts have recently evaluated Uber Technologies and provided 12-month price targets. The average target is $90.59, accompanied by a high estimate of $114.00 and a low estimate of $80.00. This current average has increased by 2.9% from the previous average price target of $88.04.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Uber Technologies among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $80.00 | $80.00 |
| Justin Post | B of A Securities | Raises | Buy | $96.00 | $88.00 |
| John Colantuoni | Jefferies | Raises | Buy | $105.00 | $100.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $114.00 | $102.00 |
| Tom White | DA Davidson | Maintains | Buy | $82.00 | $82.00 |
| Jairam Nathan | Daiwa Capital | Announces | Neutral | $84.00 | - |
| Justin Post | B of A Securities | Maintains | Buy | $88.00 | $88.00 |
| Brian Pitz | BMO Capital | Maintains | Outperform | $92.00 | $92.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $99.00 | $88.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $90.00 | $90.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $95.00 | $90.00 |
| Josh Beck | Raymond James | Announces | Strong Buy | $90.00 | - |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $90.00 | $90.00 |
| Ken Gawrelski | Wells Fargo | Maintains | Overweight | $97.00 | $97.00 |
| Youssef Squali | Truist Securities | Maintains | Buy | $88.00 | $88.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Announces | Overweight | $90.00 | - |
| Rob Sanderson | Loop Capital | Raises | Buy | $84.00 | $83.00 |
| Justin Post | B of A Securities | Maintains | Buy | $88.00 | $88.00 |
| Ronald Josey | JMP Securities | Raises | Market Outperform | $80.00 | $75.00 |
| Ronald Josey | Citigroup | Raises | Buy | $98.00 | $96.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $80.00 | $80.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $90.00 | $89.00 |
| Eric Sheridan | Goldman Sachs | Raises | Buy | $90.00 | $85.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $97.00 | $91.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $90.00 | $80.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $88.00 | $86.00 |
| Tom White | DA Davidson | Raises | Buy | $82.00 | $81.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Uber Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Uber Technologies's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Uber Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
Unveiling the Story Behind 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.
Financial Insights: Uber Technologies
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Uber Technologies's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 15.93%. This signifies a substantial 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 is impressive, surpassing industry averages. With a net margin of 9.49%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Uber Technologies's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 8.67%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Uber Technologies's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.5% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.9.
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.
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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
