Cantor Fitzgerald Reaffirms Overweight Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Thursday, Benzinga reports. They presently have a $90.00 price objective on the ride-sharing company’s stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 31.14% from the company’s previous close.

UBER has been the topic of several other research reports. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. Bank of America decreased their price target 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. KeyCorp lowered their price target on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research report on Wednesday, September 30th. Finally, Wedbush reiterated an “outperform” rating and set a $91.00 price objective on shares of Uber Technologies in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, forty-four have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.82.

Uber Technologies Stock Down 0.2%

Uber Technologies stock traded down $0.15 during mid-day trading on Thursday, reaching $68.63. 18,272,398 shares of the company were exchanged, compared to its average volume of 16,264,552. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $140.18 billion, a P/E ratio of 40.61, a PEG ratio of 6.38 and a beta of 1.33. The business has a fifty day moving average of $70.14 and a 200 day moving average of $73.03. Uber Technologies has a 12-month low of $64.04 and a 12-month high of $95.18.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $14.77 billion for the quarter, compared to the consensus estimate of $14.66 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $3.11 EPS. Research analysts anticipate that Uber Technologies will post 3.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the transaction, the insider directly owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This trade represents a 19.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi bought 141,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the transaction, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. The trade was a 11.50% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dunhill Financial LLC purchased a new position in Uber Technologies in the 2nd quarter worth $28,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Uber Technologies during the 2nd quarter valued at about $29,000. William Mack & Associates Inc. acquired a new position in shares of Uber Technologies in the third quarter valued at about $28,000. Elevation Wealth Partners LLC increased its holdings in shares of Uber Technologies by 209.8% in the second quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Finally, Balance Wealth Partners LLC purchased a new position in shares of Uber Technologies in the third quarter worth about $29,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies News Roundup

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

About Uber Technologies

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.