Uber Technologies (NYSE:UBER) Shares Up 2.9% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) was up 2.9% during trading on Tuesday . The stock traded as high as $72.05 and last traded at $71.9210. Approximately 15,732,776 shares traded hands during trading, a decline of 23% from the average daily volume of 20,564,184 shares. The stock had previously closed at $69.91.

Key Uber Technologies News

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

• Positive Sentiment: Dubai driverless rollout: Uber and WeRide launched fully driverless (Level 4) robotaxis in Dubai, ride‑booking integrated into the Uber app and backed by Uber’s ~5.82% stake in WeRide — a direct path to new, revenue‑generating autonomous mobility and long‑term margin upside if scaled. The Zacks Analyst Blog Uber, WeRide and Amazon’s
• Positive Sentiment: EV adoption push: Uber is offering drivers up to $4,000 to switch to electric vehicles amid rising gas prices — this improves driver economics, supports Uber Green adoption and reduces exposure to fuel inflation over time (though it entails near‑term spend). Gas Prices Searches Hit Four-Year High On Google: Uber Offers Drivers $4,000 To Switch To EVs
• Neutral Sentiment: Kakao Mobility interest (report): Media reports say Uber is evaluating a possible purchase of a controlling interest in Kakao Mobility — would accelerate Korea expansion but is speculative and would be a strategic, capital‑intensive move if pursued. Uber evaluating possible purchase of controlling interest in Kakao Mobility – report
• Neutral Sentiment: Marketing partnership: Ibotta partnership to expand Uber’s marketing presence in the U.S. — a tactical customer‑acquisition/engagement move with limited immediate earnings impact but incremental demand benefits. Ibotta (IBTA) Partners with Uber Technologies to Expand Its Marketing Presence in U.S. Market
• Neutral Sentiment: EV ecosystem news: Analyst coverage and upgrades for Rivian (RIVN) note partnerships (and potential unit supply) with players like Uber — relevant to fleet electrification dynamics but indirect for UBER’s near‑term cash flow. Rivian (RIVN) Gets Upgraded to Hold as Analysts Weigh Valuation Against EV Challenges
• Negative Sentiment: Analyst/expectation pressure: Wells Fargo has lowered expectations for Uber’s share price, reflecting more cautious near‑term outlook — analyst downgrades/target cuts can pressure sentiment and the stock while Uber invests in longer‑term initiatives. Wells Fargo & Company Has Lowered Expectations for Uber Technologies (NYSE:UBER) Stock Price

Analysts Set New Price Targets

A number of equities analysts recently commented on UBER shares. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Wedbush decreased their price target on Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Erste Group Bank downgraded Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Mizuho decreased their target price on Uber Technologies from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Uber Technologies in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.14.

Uber Technologies Stock Performance

The firm has a fifty day simple moving average of $74.70 and a 200-day simple moving average of $84.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a market cap of $146.26 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 6.58 and a beta of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The firm had revenue of $14.37 billion during the quarter, compared to analyst estimates of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider directly owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president owned 460,756 shares of the company’s stock, valued at approximately $34,303,284.20. This represents a 6.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of hedge funds have recently added to or reduced their stakes in UBER. Norges Bank purchased a new position in Uber Technologies in the 4th quarter valued at about $2,515,094,000. Marshall Wace LLP boosted its position in Uber Technologies by 1,462.2% during the fourth quarter. Marshall Wace LLP now owns 6,693,412 shares of the ride-sharing company’s stock worth $546,919,000 after acquiring an additional 6,264,946 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Uber Technologies by 129.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,375,851 shares of the ride-sharing company’s stock worth $776,883,000 after purchasing an additional 5,293,822 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Uber Technologies by 1,905.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock worth $426,216,000 after purchasing an additional 4,133,532 shares during the period. Finally, Employees Provident Fund Board acquired a new stake in shares of Uber Technologies during the fourth quarter worth $265,205,000. 80.24% of the stock is 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.