During the last three months, 24 analysts shared their evaluations of Uber Technologies UBER, revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 12 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 2 | 0 | 0 | 0 |
| 2M Ago | 7 | 6 | 0 | 0 | 0 |
| 3M Ago | 2 | 3 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $88.42, along with a high estimate of $98.00 and a low estimate of $75.00. Marking an increase of 1.85%, the current average surpasses the previous average price target of $86.81.
Decoding Analyst Ratings: A Detailed Look
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 |
|---|---|---|---|---|---|
| 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 |
| Ronald Josey | JMP Securities | Maintains | Market Outperform | $75.00 | $75.00 |
| Brian Pitz | BMO Capital | Maintains | Outperform | $92.00 | $92.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $95.00 | $90.00 |
| John Blackledge | TD Cowen | Raises | Buy | $90.00 | $88.00 |
| Conor Cunningham | Melius Research | Announces | Hold | $77.00 | - |
| Shweta Khajuria | Wolfe Research | Announces | Outperform | $90.00 | - |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $91.00 | $89.00 |
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 assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Uber Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
For valuable insights into Uber Technologies's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
Get to Know Uber Technologies Better
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: Delving into Financials
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Uber Technologies showcased positive performance, achieving a revenue growth rate of 15.93% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.49%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.67%, the company showcases effective utilization of equity capital.
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: Uber Technologies's debt-to-equity ratio is below the industry average. With a ratio of 0.9, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of 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.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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