Analysts' ratings for Uber Technologies UBER over the last quarter vary from bullish to bearish, as provided by 29 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 14 | 1 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 4 | 0 | 0 | 0 |
| 2M Ago | 3 | 1 | 0 | 0 | 0 |
| 3M Ago | 8 | 8 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $89.14, with a high estimate of $99.00 and a low estimate of $75.00. This current average has increased by 2.13% from the previous average price target of $87.28.
Investigating Analyst Ratings: An Elaborate Study
In examining recent analyst actions, we gain insights into how financial experts perceive Uber Technologies. The following summary 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 |
|---|---|---|---|---|---|
| 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 |
| 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 |
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: 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: Understanding forecasts, analysts offer estimates for Uber Technologies's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Uber Technologies's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
Delving into Uber Technologies's Background
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.
Key Indicators: Uber Technologies's Financial Health
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 displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 15.93%. This indicates a notable 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 9.49%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Uber Technologies's ROE stands out, surpassing industry averages. With an impressive ROE of 8.67%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Uber Technologies's ROA excels beyond industry benchmarks, reaching 2.5%. This signifies efficient management of assets and strong financial health.
Debt Management: Uber Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.9.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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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