Uber Technologies’ (UBER) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Uber Technologies (NYSE:UBER) in a report issued on Tuesday morning,Benzinga reports. Wedbush currently has a $91.00 price objective on the ride-sharing company’s stock.

UBER has been the topic of a number of other research reports. HSBC cut Uber Technologies to a “reduce” rating in a report on Monday, May 11th. Bank of America decreased their target price on Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Thursday, September 3rd. Sanford C. Bernstein dropped their price target on Uber Technologies from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, Piper Sandler restated an “overweight” rating on shares of Uber Technologies in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.03.

Uber Technologies Stock Up 2.2%

UBER stock opened at $72.64 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $74.01 and its 200 day moving average price is $73.61. Uber Technologies has a 52 week low of $65.41 and a 52 week high of $101.99. The company has a market cap of $148.38 billion, a P/E ratio of 15.97, a P/E/G ratio of 5.63 and a beta of 1.16.

Uber Technologies (NYSE:UBER) last issued its 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 company had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts expect that Uber Technologies will post 3.45 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi bought 141,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the acquisition, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew Macdonald purchased 70,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were bought 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 represents a 19.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Uber Technologies by 6,342.7% in the 2nd 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 in the last quarter. Public Investment Fund acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $5,256,173,439. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $2,515,094,000. Legal & General Group Plc purchased a new stake in shares of Uber Technologies during the second quarter worth about $943,167,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Uber Technologies during the second quarter worth about $752,151,000. 80.24% of the stock is owned by institutional investors and hedge funds.

More Uber Technologies News

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

• Positive Sentiment: CEO Dara Khosrowshahi purchased 141,000 shares for approximately $10 million at an average price of $70.96, increasing his direct ownership by 11.5%. The large purchase is being interpreted as a signal that management considers Uber undervalued. Uber CEO stock purchase article
• Positive Sentiment: Scotiabank initiated coverage with a “sector outperform” rating and a $100 price target, implying significant upside from recent trading levels. Wedbush has also maintained an “outperform” rating, reinforcing the favorable sell-side view.
• Positive Sentiment: Uber, WeRide and AVOMO received Spain’s first national permit for Level 4 autonomous passenger vehicles on public roads. The partners plan to begin mapping and supervised testing with an initial 20-vehicle fleet in Madrid, targeting commercial operations by the end of 2026. The approval supports Uber’s strategy of offering robotaxi services through partners rather than building vehicles itself. Reuters Spain autonomous vehicle permit article
• Positive Sentiment: A new Wakefern partnership adds more than 375 supermarkets, including ShopRite and other regional banners, to Uber Eats. The deal expands grocery delivery scale and strengthens Uber’s presence in recurring everyday purchases. Uber Wakefern grocery partnership article
• Neutral Sentiment: Unusually heavy call-option activity and management commentary at the Goldman Sachs technology conference indicate heightened investor interest, but options positioning and conference remarks do not necessarily change Uber’s underlying earnings outlook.
• Negative Sentiment: Uber drivers in Amsterdam sued over claims that the company’s pay algorithm reduced earnings and violated privacy laws. Potential legal costs, regulatory scrutiny and changes to driver compensation could pressure margins if the claims gain traction. Amsterdam Uber driver lawsuit article
• Negative Sentiment: Management said savings from layoffs and lower insurance costs may be used to reduce ride prices. While this could stimulate demand, it may also limit near-term revenue or margin expansion and adds to concerns surrounding Uber’s restructuring and large autonomous-vehicle investments.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.