Uber Technologies (NYSE:UBER) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Uber Technologies (NYSE:UBER) to a strong-buy rating in a research report released on Monday,Zacks reports.

Several other analysts also recently weighed in on the stock. Fox Advisors upgraded shares of Uber Technologies from a “hold” rating to an “outperform” rating in a report on Monday, May 11th. Sanford C. Bernstein decreased their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating on shares of Uber Technologies in a research report on Tuesday. KeyCorp dropped their price objective on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, HSBC lowered Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $104.14.

Uber Technologies Trading Up 1.7%

Shares of UBER stock opened at $76.52 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $156.29 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 6.06 and a beta of 1.16. The company has a 50-day moving average of $73.97 and a two-hundred day moving average of $73.51. Uber Technologies has a 1-year low of $65.41 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts predict that Uber Technologies will post 3.39 EPS for the current year.

Institutional Trading of Uber Technologies

A number of large investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its holdings in Uber Technologies by 6,342.7% in the second quarter. California State Teachers Retirement System now owns 199,496,278 shares of the ride-sharing company’s stock valued at $14,395,651,000 after purchasing an additional 196,399,787 shares during the period. Public Investment Fund acquired a new position in Uber Technologies during the 2nd quarter worth $5,256,173,439. Norges Bank purchased a new stake in Uber Technologies during the 4th quarter worth about $2,515,094,000. Legal & General Group Plc purchased a new stake in Uber Technologies during the 2nd quarter worth about $943,167,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Uber Technologies in the 2nd quarter valued at about $752,151,000. 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: Cost-cutting and restructuring: Uber plans to eliminate approximately 3,300 jobs, or 10% of its global workforce, primarily by reducing management layers and consolidating teams. Management says the savings will make the company “simpler and faster” while freeing capital for core mobility, delivery and autonomous-vehicle initiatives. Investors appeared to view the move favorably because it could improve operating efficiency and support margins. Uber to cut 10% of workforce in bid to move simpler and faster
• Positive Sentiment: Robotaxi expansion: Uber and British artificial-intelligence startup Wayve launched autonomous ride testing in London, giving Uber a presence in another major European market. The initiative strengthens Uber’s platform-based strategy of partnering with autonomous-vehicle developers rather than building the vehicles itself, potentially reducing long-term driver-related costs and broadening growth opportunities. Uber and AI-firm Wayve launch London’s first robotaxis
• Positive Sentiment: Delivery Hero deal advances: Delivery Hero’s management and supervisory boards recommended that shareholders accept Uber’s roughly $15 billion takeover offer. Approval would create one of the world’s largest food-delivery platforms and could increase scale, though the transaction remains subject to shareholder and regulatory approval. Delivery Hero board backs Uber’s $15B takeover bid

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.