Uber Technologies (NYSE:UBER) Price Target Cut to $95.00 by Analysts at KeyCorp

Uber Technologies (NYSE:UBER) had its price target cut by KeyCorp from $105.00 to $95.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the ride-sharing company’s stock. KeyCorp‘s price objective points to a potential upside of 39.11% from the company’s current price.

UBER has been the topic of several other research reports. Citizens Jmp reiterated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Wednesday, October 7th. Wells Fargo & Company restated an “overweight” rating and issued a $87.00 price objective on shares of Uber Technologies in a report on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $125.00 target price on shares of Uber Technologies in a research report on Friday, October 16th. TD Cowen reaffirmed a “buy” rating and issued a $118.00 target price on shares of Uber Technologies in a research report on Thursday, July 16th. Finally, Roth Capital cut their target price on shares of Uber Technologies from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.22.

Uber Technologies Trading Down 2.3%

Shares of UBER stock traded down $1.58 during trading hours on Thursday, reaching $68.29. The company’s stock had a trading volume of 8,442,455 shares, compared to its average volume of 18,942,643. The stock has a market capitalization of $139.49 billion, a P/E ratio of 14.92, a P/E/G ratio of 6.37 and a beta of 1.33. Uber Technologies has a one year low of $64.04 and a one year high of $95.18. The firm’s fifty day simple moving average is $70.50 and its 200 day simple moving average is $73.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The firm had revenue of $14.77 billion for the quarter, compared to analysts’ expectations of $14.66 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.11 earnings per share. Equities research analysts expect that Uber Technologies will post 3.20 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the completion of the transaction, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This trade represents a 11.50% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. Avion Wealth grew its stake in Uber Technologies by 17.3% during the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock worth $70,000 after purchasing an additional 145 shares in the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of Uber Technologies by 8.5% in the 1st quarter. Frazier Financial Advisors LLC now owns 1,942 shares of the ride-sharing company’s stock valued at $140,000 after buying an additional 152 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Uber Technologies by 10.6% in the 2nd quarter. Cornerstone Planning Group LLC now owns 1,624 shares of the ride-sharing company’s stock valued at $114,000 after buying an additional 155 shares during the period. CFS Investment Advisory Services LLC grew its position in shares of Uber Technologies by 6.1% during the first quarter. CFS Investment Advisory Services LLC now owns 2,733 shares of the ride-sharing company’s stock worth $211,000 after buying an additional 156 shares in the last quarter. Finally, Canopy Partners LLC grew its position in shares of Uber Technologies by 1.8% during the third quarter. Canopy Partners LLC now owns 8,605 shares of the ride-sharing company’s stock worth $590,000 after buying an additional 156 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Uber Technologies News

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

• Positive Sentiment: Uber reported third-quarter revenue of $14.77 billion, above expectations, while gross bookings grew 20% for a fifth consecutive quarter. Adjusted EPS of $0.88 also topped the $0.86 consensus, and adjusted operating income rose 38%. The large year-over-year decline in GAAP net income largely reflects unusual tax and investment items in the comparison period, rather than a comparable drop in underlying operating performance. Earnings report
• Positive Sentiment: Amazon selected Uber Eats as its U.S. restaurant-delivery partner for Prime members, who can order through Amazon’s app and website and receive fee-free delivery. The deal could expand Uber Eats’ reach and bring additional demand to its delivery business. Amazon partnership article
• Positive Sentiment: Wedbush reiterated its Outperform rating with a $91 target, Cantor Fitzgerald maintained Overweight with a $90 target, and Needham kept Buy despite reducing its target to $100 from $109. Wedbush rating
• Neutral Sentiment: Uber aims to scale its autonomous-vehicle network to about 700 fully driverless vehicles by year-end and more than 2,000 by the end of 2027. That could support longer-term growth, though commercial execution remains to be proven. Autonomous vehicle plans
• Negative Sentiment: Management’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 analyst estimate. Driver shortages, especially in international markets, and higher fuel costs are prompting greater driver incentives and could pressure margins or lead to higher rider prices. Profit outlook and cost pressures
• Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in January 2028, creating a potential competitive headwind in those markets. Waymo partnership article

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.