What Analysts Are Saying About Uber Technologies Stock

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17 analysts have shared their evaluations of Uber Technologies UBER during the recent three months, expressing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 8 8 1 0 0
Last 30D 1 0 0 0 0
1M Ago 1 1 1 0 0
2M Ago 0 2 0 0 0
3M Ago 6 5 0 0 0

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $92.53, a high estimate of $120.00, and a low estimate of $82.00. This upward trend is evident, with the current average reflecting a 2.53% increase from the previous average price target of $90.25.

price target chart

Decoding Analyst Ratings: A Detailed Look

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
Shweta Khajuria Wolfe Research Raises Outperform $92.00 $90.00
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

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Uber Technologies. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Uber Technologies compared to the broader market.
  • Price Targets: Analysts predict movements in price targets, offering estimates for Uber Technologies's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Uber Technologies's market position. Stay informed and make data-driven 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 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.

Financial Insights: Uber Technologies

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 23.35%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Uber Technologies's ROE stands out, surpassing industry averages. With an impressive ROE of 19.26%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Uber Technologies's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.89% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Uber Technologies's debt-to-equity ratio is below the industry average at 0.86, reflecting a lower dependency on debt financing and a more conservative financial approach.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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.

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