Uber Technologies (NYSE:UBER) Stock Price Up 5.8% on Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER)’s stock price shot up 5.8% on Monday after Tigress Financial upgraded the stock from a buy rating to a moderate buy rating. The stock traded as high as $73.48 and last traded at $72.8490. 24,656,462 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 19,293,268 shares. The stock had previously closed at $68.85.

Other analysts have also issued reports about the company. DA Davidson reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research note on Thursday, May 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research note on Monday, June 1st. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 26th. Finally, Guggenheim reissued a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.97.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: Analysts and market commentary continue to highlight Uber’s scale, diversification, and valuation appeal versus peers like Grab, suggesting the company still has fundamental advantages in ride-hailing and delivery. Article: UBER vs. GRAB: Which Ride-Hailing Stock Has an Edge at Present?
• Positive Sentiment: Several pieces point to strong business momentum, including 3.6 billion trips, 199 million monthly active platform consumers, and 50 million Uber One members contributing heavily to gross bookings, reinforcing the case that Uber’s core operations are still growing. Article: Will Uber Hit $100 This Year?
• Positive Sentiment: Uber continues to receive favorable Wall Street coverage, with recent buy/overweight ratings and a median price target around $107, which can help support the stock despite near-term volatility. Article: Uber Technologies Stock (UBER) Opinions on Recent Share Price Decline
• Neutral Sentiment: Uber was also mentioned in a broader gig-economy stock roundup alongside Lyft and DoorDash, which keeps it in the spotlight but does not add a major new catalyst by itself. Article: Must-Watch Stocks to Make the Most of the Gig Economy’s Popularity
• Neutral Sentiment: One report noted renewed attention on Uber’s robotaxi roadmap and autonomy ambitions, but framed them as part of a broader debate over whether those investments justify the stock’s current multiple. Article: Forget Uber: As Macro Volatility Cracks Platform Multiples, This Profitable Digital Fortress Is The Better Buy
• Negative Sentiment: Despite strong fundamentals, multiple articles emphasize that Uber’s stock has been weak recently and is well below prior highs, reflecting investor concern over macro volatility, premium platform valuations, and execution risk in autonomous vehicle initiatives. Article: Uber Technologies Stock (UBER) Opinions on Recent Share Price Decline

Institutional Trading of Uber Technologies

A number of hedge funds have recently made changes to their positions in UBER. Norges Bank acquired a new stake in shares of Uber Technologies during the fourth quarter valued at about $2,515,094,000. Marshall Wace LLP raised its position in shares of 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. raised its position in shares of Uber Technologies by 129.7% during the fourth 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 acquiring an additional 5,293,822 shares during the last quarter. Employees Provident Fund Board bought a new position in shares of Uber Technologies during the fourth quarter worth about $265,205,000. Finally, Southpoint Capital Advisors LP bought a new position in shares of Uber Technologies during the first quarter worth about $222,983,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 5.8%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $148.29 billion, a P/E ratio of 18.17, a P/E/G ratio of 5.85 and a beta of 1.12. The stock has a 50-day moving average price of $73.41 and a 200-day moving average price of $77.11.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion during the quarter, compared to the consensus estimate of $13.28 billion. During the same period last year, the company earned $0.83 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

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.