Uber Technologies’ (UBER) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Uber Technologies (NYSE:UBER) in a research note published on Thursday,Benzinga reports. They currently have a $109.00 price target on the ride-sharing company’s stock.

UBER has been the subject of a number of other reports. Wells Fargo & Company cut their price objective on Uber Technologies from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, July 6th. Barclays decreased their target price on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday. Citizens Jmp reaffirmed a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Tuesday. Finally, Bank of America reduced their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $104.23.

Uber Technologies Trading Up 6.4%

Shares of NYSE:UBER opened at $74.94 on Thursday. Uber Technologies has a 52-week low of $65.41 and a 52-week high of $101.99. The company has a market capitalization of $152.56 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 6.79 and a beta of 1.13. The company has a 50-day simple moving average of $71.86 and a 200 day simple moving average of $73.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.Uber Technologies’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies will post 3.08 earnings per share for the current year.

Institutional Trading of Uber Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Osbon Capital Management LLC bought a new stake in Uber Technologies in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new position in Uber Technologies during the 4th quarter worth $25,000. Portus Wealth Advisors LLC bought a new position in Uber Technologies during the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the third quarter worth $25,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Uber Technologies during the fourth quarter worth $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Analysts largely remained constructive after earnings. Guggenheim and Needham reaffirmed “Buy” ratings with price targets of $125 and $109, while Bernstein and Cantor Fitzgerald maintained positive ratings despite lowering their targets. Bank of America also kept a “Buy” rating and raised its earnings outlook, citing a valuation reset. Uber price target lowered by Bank of America
• Positive Sentiment: Uber’s push to scale its autonomous-vehicle ecosystem—including a reported plan to acquire up to 50,000 Rivian electric SUVs—helped support the longer-term growth narrative. Commentary from investor Gary Black and other market observers argued that Uber could be well positioned to benefit from robotaxi adoption without bearing the full cost of building a fleet. Uber Shares Jump as Analyst Commentary and Autonomous Delivery Push Drive Rally
• Positive Sentiment: Management said AI adoption has expanded sharply while engineering improvements are reducing the cost per token. The shift from heavy AI spending toward more efficient usage could improve productivity and limit future expense growth. Uber AI spending and tokenmaxxing
• Positive Sentiment: Uber entered a new senior unsecured term-loan credit facility, bolstering liquidity and financial flexibility as it invests in autonomous mobility and platform growth. Uber Secures New Credit Facilities to Bolster Liquidity

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.