Uber Technologies (NYSE:UBER) Upgraded at BNP Paribas

Uber Technologies (NYSE:UBER) was upgraded by research analysts at BNP Paribas to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. BNP Paribas Exane assumed coverage on shares of Uber Technologies in a research report on Wednesday. They set an “outperform” rating and a $108.00 price target on the stock. TD Cowen boosted their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Piper Sandler set a $107.00 price target on Uber Technologies in a report on Wednesday, November 5th. Finally, Wedbush cut their price objective on shares of Uber Technologies from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.18.

Uber Technologies Stock Down 0.3%

UBER stock opened at $84.41 on Wednesday. The firm has a market cap of $175.38 billion, a PE ratio of 10.85 and a beta of 1.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $85.74 and a 200 day simple moving average of $91.15. Uber Technologies has a 12 month low of $60.63 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the transaction, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,875 shares of company stock worth $1,348,818. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth about $25,000. Kilter Group LLC bought a new stake in Uber Technologies during the 2nd quarter valued at about $26,000. Westend Capital Management LLC purchased a new stake in Uber Technologies in the 3rd quarter valued at about $27,000. West Oak Capital LLC bought a new position in Uber Technologies in the 2nd quarter worth about $28,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $30,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Large distribution boost from Kroger partnership expands grocery reach (adds ~2,700 Kroger stores to Uber, Uber Eats and Postmates), directly supporting delivery growth and revenue diversification. Kroger Launches Fast, Convenient Delivery on Uber Apps Nationwide
• Positive Sentiment: New and reaffirmed analyst support: BNP Paribas Exane started coverage with an “outperform” and $108 PT, and BTIG reaffirmed a Buy with $100 PT — these increase buy-side interest and signal upside from current levels. BNP Paribas Exane Begins Coverage on Uber Technologies (NYSE:UBER)
• Positive Sentiment: Positive earnings momentum and delivery acceleration narratives are prompting “buy the dip” takes and valuation-focused coverage highlighting long-term growth potential in delivery and new tech adoption. Uber: Buy The Dip As Delivery Services Accelerate
• Positive Sentiment: International demand tailwinds — WeChat partnership is driving higher usage from Chinese tourists overseas, supporting cross-border growth and marketplace utilization. Uber’s WeChat tie-up pays off as demand from Chinese tourists rises overseas
• Neutral Sentiment: Analyst consensus and price-target dispersion: several outlets note a meaningful average upside (~31% per some coverage), which keeps investor attention but also highlights varied views across brokers. Wall Street Analysts Believe Uber (UBER) Could Rally 31.3%: Here’s is How to Trade
• Neutral Sentiment: Investor letters and hedge fund commentary label Uber a “battleground” — signals active ownership and potential for positioning but not an immediate directional catalyst. L1 Capital International Strategy: Uber (UBER) is a ‘Battleground’ Company
• Negative Sentiment: PR/ballot initiative controversy: an LA Times column accuses Uber’s proposed ballot measure of prioritizing company costs over consumer interests — reputational and regulatory risks that can pressure valuation. Hiltzik: Uber’s trying to snow voters with a supposedly pro-consumer ballot initiative. Don’t buy it
• Negative Sentiment: Driver-pay/legal headwinds: NYC alleges DoorDash and Uber cost drivers $550M in tips — ongoing regulatory and legal scrutiny could increase costs, settlements or operational constraints. DoorDash, Uber Drivers Stiffed on $550 Million in Tips, NYC Says
• Negative Sentiment: Some sell-side pressure: Cantor Fitzgerald trimmed its price target recently — a reminder that not all analysts are raising targets, which can temper upside near-term. This is What The Street Thinks About Uber Technologies (UBER)

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.