Wells Fargo & Company Has Lowered Expectations for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its price objective reduced by research analysts at Wells Fargo & Company from $102.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the ride-sharing company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 34.43% from the stock’s previous close.

A number of other brokerages also recently issued reports on UBER. Raymond James Financial raised Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. Royal Bank Of Canada assumed coverage on Uber Technologies in a research report on Monday, May 11th. They issued an “outperform” rating for the company. HSBC lowered shares of Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. Finally, Guggenheim reiterated a “buy” rating on shares of Uber Technologies in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.49.

Uber Technologies Stock Down 0.1%

UBER stock opened at $74.39 on Monday. Uber Technologies has a one year low of $67.19 and a one year high of $101.99. The stock has a market capitalization of $151.42 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $73.09 and a 200-day moving average of $75.60.

Uber Technologies (NYSE:UBER) last issued its quarterly 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 for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, analysts expect that Uber Technologies will post 2.95 EPS for the current year.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock worth $15,729,142,000 after buying an additional 1,670,761 shares in the last quarter. Capital Research Global Investors boosted its position in Uber Technologies by 2.6% during the fourth 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 grew its stake in Uber Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 47,936,203 shares of the ride-sharing company’s stock worth $3,906,083,000 after acquiring an additional 1,602,596 shares during the period. Norges Bank purchased a new stake in Uber Technologies in the 4th quarter worth approximately $2,515,094,000. Finally, Northern Trust Corp raised 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 acquiring an additional 297,132 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.