BTIG Research Reaffirms “Buy” Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a research report issued on Friday,Benzinga reports. They currently have a $100.00 target price on the ride-sharing company’s stock. BTIG Research’s price objective would suggest a potential upside of 38.60% from the stock’s previous close.

Several other research analysts also recently issued reports on UBER. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Guggenheim restated a “buy” rating on shares of Uber Technologies in a research report on Tuesday, June 9th. BNP Paribas Exane lowered Uber Technologies to an “underweight” rating in a research note on Monday, May 11th. Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 12th. Finally, Wells Fargo & Company lifted their price objective on Uber Technologies from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $104.97.

Uber Technologies Stock Down 2.3%

Shares of NYSE:UBER opened at $72.15 on Friday. The company’s fifty day moving average is $73.43 and its 200-day moving average is $76.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. Uber Technologies has a 52 week low of $67.19 and a 52 week high of $101.99. The company has a market capitalization of $146.87 billion, a PE ratio of 17.99, a P/E/G ratio of 6.28 and a beta of 1.12.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities research analysts predict that Uber Technologies will post 2.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently added to or reduced their stakes in UBER. Brighton Jones LLC grew its holdings in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC increased its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares in the last quarter. Caxton Associates LLP acquired a new stake in Uber Technologies during the 1st quarter worth $304,000. Finally, Schnieders Capital Management LLC. acquired a new stake in Uber Technologies during the 2nd quarter worth $842,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Company Profile

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.