Uber Technologies (NYSE:UBER) Trading Up 5.7% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price rose 5.7% during mid-day trading on Wednesday . The company traded as high as $75.74 and last traded at $73.6740. Approximately 33,423,743 shares changed hands during trading, an increase of 72% from the average daily volume of 19,470,869 shares. The stock had previously closed at $69.67.

More Uber Technologies News

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

• Positive Sentiment: Uber announced the addition of several new U.S. retailers to the Uber Eats marketplace, including Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors, and Choice Pet. The expansion broadens on-demand delivery offerings and supports the company’s push into retail commerce. Uber Eats Adds New U.S. Retailers, Expanding Selection Across Beauty, Office Supplies, Sporting Goods, and More
• Positive Sentiment: Several reports said the stock was surging on the retailer-expansion announcement, and technical traders noted UBER broke above key moving averages, a sign momentum may be shifting back in bulls’ favor. What's behind Uber stock's technical breakout today?
• Positive Sentiment: Unusually heavy call-option buying also pointed to bullish sentiment, with investors acquiring 113,383 call contracts versus a normal daily volume of about 80,917. Pelosi discloses bullish options bets on Intel and Uber
• Positive Sentiment: A disclosed new call-position purchase tied to Uber added to the bullish tone, suggesting some investors expect further upside in the stock over the longer term. Pelosi discloses bullish options bets on Intel and Uber
• Neutral Sentiment: Reuters-linked coverage highlighted London robotaxi plans and broader autonomous-vehicle competition, which supports Uber’s long-term growth story but is not an immediate earnings driver. London’s First Uber (UBER) Robotaxis Expected in Months, Reuters Reports
• Negative Sentiment: Recent shareholder lawsuits alleging safety and compliance failures remain an overhang, as they raise reputational and regulatory risk for the company. Uber (UBER) Faces Shareholder Lawsuit Over Alleged Safety And Compliance Failures

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BNP Paribas Exane downgraded Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. US Capital Advisors set a $95.00 target price on Uber Technologies in a research note on Monday, May 11th. Piper Sandler boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. HSBC cut Uber Technologies to a “reduce” rating in a research note on Monday, May 11th. Finally, Wolfe Research set a $100.00 price target on Uber Technologies in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.97.

Uber Technologies Trading Up 5.7%

The firm has a market capitalization of $149.97 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 6.07 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $73.41 and its 200 day moving average is $76.37.

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

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Uber Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Capital Research Global Investors lifted its position in Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after acquiring an additional 2,903,021 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Uber Technologies by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after purchasing an additional 1,602,596 shares during the period. Norges Bank bought a new stake in Uber Technologies during the 4th quarter valued at approximately $2,515,094,000. Finally, Northern Trust Corp grew its holdings in Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock valued at $1,911,301,000 after buying an additional 297,132 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.