35 analysts have shared their evaluations of Uber Technologies UBER during the recent three months, expressing a mix of bullish and bearish perspectives.
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 | 18 | 16 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 4 | 2 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 12 | 13 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $85.4, with a high estimate of $100.00 and a low estimate of $66.00. This upward trend is apparent, with the current average reflecting a 14.25% increase from the previous average price target of $74.75.
Deciphering Analyst Ratings: An In-Depth Analysis
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 |
|---|---|---|---|---|---|
| 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 | - |
| Youssef Squali | Truist Securities | Raises | Buy | $94.00 | $90.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $92.00 | $78.00 |
| Bill Selesky | Argus Research | Raises | Buy | $95.00 | $69.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $85.00 | $76.00 |
| Ronald Josey | Citigroup | Raises | Buy | $91.00 | $83.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $96.00 | $94.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $85.00 | - |
| Doug Anmuth | JP Morgan | Raises | Overweight | $95.00 | $84.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $92.00 | $82.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $90.00 | $77.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Justin Patterson | Keybanc | Raises | Overweight | $90.00 | $79.00 |
| Trevor Young | Barclays | Raises | Overweight | $86.00 | $63.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $76.00 | $75.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $82.00 | $69.00 |
| Ronald Josey | Citigroup | Raises | Buy | $83.00 | $75.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $85.00 | $65.00 |
| James Lee | Mizuho | Raises | Buy | $83.00 | $77.00 |
| Shyam Patil | Susquehanna | Raises | Positive | $85.00 | $60.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $79.00 | $72.00 |
| Doug Anmuth | JP Morgan | Raises | Overweight | $84.00 | $76.00 |
| Bernie McTernan | Needham | Raises | Buy | $90.00 | $71.00 |
| Bernie McTernan | Needham | Maintains | Buy | $71.00 | - |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $75.00 | $62.00 |
| Justin Patterson | Keybanc | Raises | Overweight | $79.00 | $70.00 |
| Justin Post | B of A Securities | Raises | Buy | $73.00 | $68.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $68.00 | $58.00 |
| Robert Mollins | Gordon Haskett | Announces | Hold | $66.00 | - |
| Bernie McTernan | Needham | Raises | Buy | $71.00 | $63.00 |
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 unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Uber Technologies's stock. This analysis reveals shifts 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.
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: A Financial Overview
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 31 December, 2023, the company achieved an impressive revenue growth rate of 15.44%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.38%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Uber Technologies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.87% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Uber Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 3.83%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Uber Technologies's debt-to-equity ratio is below the industry average. With a ratio of 1.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
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.
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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