Needham & Company LLC reissued their buy rating on shares of Uber Technologies (NYSE:UBER – Free Report) in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a $109.00 price objective on the ride-sharing company’s stock.
A number of other research firms have also weighed in on UBER. Cantor Fitzgerald lowered their price objective on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Citizens Jmp reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Tuesday, April 28th. Stifel Nicolaus lowered their price objective on shares of Uber Technologies from $122.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Roth Mkm set a $105.00 price objective on shares of Uber Technologies in a research report on Thursday, February 5th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.40.
View Our Latest Stock Report on UBER
Uber Technologies Stock Performance
Uber Technologies (NYSE:UBER – Get Free Report) last announced its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The business had revenue of $13.20 billion for the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, analysts forecast that Uber Technologies will post 3.32 EPS for the current year.
Insider Buying and Selling at Uber Technologies
In other Uber Technologies news, SVP Nikki Krishnamurthy sold 30,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares in the company, valued at approximately $34,303,284.20. The trade was a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at approximately $2,047,867.50. This represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Uber Technologies
Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Uber Technologies by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after purchasing an additional 29,587 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in shares of Uber Technologies in the 1st quarter worth about $533,000. Glenview Trust Co boosted its position in shares of Uber Technologies by 6.8% in the 1st quarter. Glenview Trust Co now owns 12,446 shares of the ride-sharing company’s stock worth $895,000 after buying an additional 796 shares in the last quarter. Puzo Michael J boosted its position in shares of Uber Technologies by 25.4% in the 1st quarter. Puzo Michael J now owns 68,577 shares of the ride-sharing company’s stock worth $4,933,000 after buying an additional 13,892 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Uber Technologies in the 1st quarter worth about $156,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Q1 results and outlook — Uber posted stronger‑than‑expected bookings and profitability metrics (delivery growth, higher adjusted EBITDA and margins) and guided Q2 above consensus, underpinning the company’s growth story. Uber Technologies Q1 Earnings Review: Long-Term Winner Even If AVs Fail
- Positive Sentiment: Uber One milestone — Uber One surpassed 50 million members and now drives ~50% of gross bookings across Mobility and Delivery, signaling stronger customer loyalty, higher take rates and more predictable revenue mix. Uber One Crosses 50 Million Members and Signals a Fundamental Business Transformation
- Positive Sentiment: Platform & partnerships expanding — New retail tie‑ups (Ulta, Ahold Delhaize grocery expansion) and integrations (e.g., Solera) broaden delivery and grocery exposure and support higher frequency usage. These expand monetization channels beyond rides. Uber Eats and Ulta Beauty Team Up to Deliver Beauty Essentials Nationwide
- Positive Sentiment: Uber exposure to micromobility liquidity event — Lime (Uber‑backed) filed for a U.S. IPO, which could create value or catalyze investor interest in Uber’s ecosystem stakes. Lime, the Uber-backed micromobility company, files for IPO
- Neutral Sentiment: Autonomous vehicle progress — CEO reiterates a partnership‑led AV strategy and several regulatory/partner milestones (e.g., Nuro CPUC permit) advance the robotaxi roadmap, but commercialization timing and capital needs remain uncertain. Nuro Secures CPUC Permit for Testing Robotaxi Passenger Service in California
- Neutral Sentiment: Mixed analyst views — Several firms raised price targets (JPMorgan, DA Davidson, Needham) and reiterated buys, while others trimmed targets or remain cautious; the split keeps the stock volatile after the earnings pop. Wall Street Splits on Uber: Goldman Sachs Cuts Price Target While Piper Sandler Hikes
- Negative Sentiment: Revenue nuance and post‑rally pullback — Q1 revenue slightly missed some estimates even as profitability improved; after the earnings‑driven surge, investors are taking profits, causing a pullback from recent highs. UBER Q1 Earnings Surpass Estimates, Revenues Increase Year Over Year
- Negative Sentiment: Macro / travel cost headwinds — Themes like higher jet fuel and geopolitical uncertainty can alter travel patterns; some coverage flags mixed demand impacts that could temper upside if sustained. As Jet Fuel Spikes 100%, 2 Mega-Cap CEOs Reveal the Staycation Trade Has Already Started
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.
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