24 Analysts Assess Uber Technologies: What You Need To Know

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In the latest quarter, 24 analysts provided ratings for Uber Technologies UBER, showcasing a mix of bullish and bearish perspectives.

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 13 9 2 0 0
Last 30D 1 0 1 0 0
1M Ago 0 2 0 0 0
2M Ago 3 0 0 0 0
3M Ago 9 7 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $92.96, a high estimate of $120.00, and a low estimate of $80.00. This current average has increased by 3.08% from the previous average price target of $90.18.

price target chart

Breaking Down Analyst Ratings: A Detailed Examination

A clear picture of Uber Technologies's perception among financial experts is painted 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
Eric Sheridan Goldman Sachs Maintains Buy $96.00 $96.00
Andrew Boone JMP Securities Maintains Market Perform $95.00 $95.00
Deepak Mathivanan Cantor Fitzgerald Maintains Overweight $90.00 $90.00
Andrew Boone JMP Securities Maintains Market Outperform $95.00 $95.00
Ivan Feinseth Tigress Financial Raises Buy $103.00 $96.00
Rob Sanderson Loop Capital Raises Buy $86.00 $84.00
Tom White DA Davidson Raises Buy $84.00 $82.00
Ken Gawrelski Wells Fargo Lowers Overweight $90.00 $97.00
Brad Erickson RBC Capital Raises Outperform $82.00 $80.00
Youssef Squali Truist Securities Lowers Buy $95.00 $99.00
Justin Patterson Keybanc Lowers Overweight $85.00 $90.00
Ronald Josey JMP Securities Raises Market Outperform $95.00 $80.00
Mark Mahaney Evercore ISI Group Raises Outperform $120.00 $90.00
Robert Mollins Gordon Haskett Announces Buy $85.00 -
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

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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Uber Technologies compared to the broader market.
  • Price Targets: Gaining insights, analysts provide estimates for the future value of Uber Technologies's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Uber Technologies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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 couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing technology. Uber operates in more than 70 countries, with more than 161 million users who order rides or food at least once a month.

Understanding the Numbers: Uber Technologies's Finances

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Revenue Growth: Uber Technologies's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 20.4%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the 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 23.35%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 19.26%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Uber Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 5.89%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Uber Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.86.

How Are Analyst Ratings Determined?

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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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