Uber Technologies (NYSE:UBER) Trading 5.3% Higher – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded up 5.3% on Friday . The stock traded as high as $76.39 and last traded at $76.0940. Approximately 64,328,041 shares traded hands during trading, an increase of 226% from the average session volume of 19,753,111 shares. The stock had previously closed at $72.25.

More Uber Technologies News

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

• Positive Sentiment: Uber avoided a costly California ballot fight after Gov. Gavin Newsom signed a deal with trial lawyers, reducing a major legal overhang and limiting the chance of a $50 million campaign battle. Uber Scores Last-Minute Win As Gavin Newsom Signs Deal That Ends $50 Million California Ballot Showdown
• Positive Sentiment: BTIG reaffirmed its buy rating on Uber and raised its price target to $100, signaling confidence in further upside from current levels. Benzinga report on BTIG rating
• Positive Sentiment: Recent coverage highlights Uber’s expanding food-delivery and retail push, including non-food categories that could help broaden transaction volume and support growth beyond rides. UBER Expands Its Food Delivery Business: Is it a Growth Catalyst?
• Neutral Sentiment: Analysts say Uber’s robotaxi strategy could take years to pay off, and Waymo remains dominant in U.S. autonomous ride-hailing, which tempers near-term enthusiasm. Uber’s Robotaxi Vision Could Take Years To Play Out: Analyst
• Neutral Sentiment: Uber enacted stricter driver background checks after reporting by The New York Times, a move that may improve safety optics but also underscores ongoing scrutiny around platform trust and compliance. Uber Enacts Stricter Background Checks for Drivers
• Neutral Sentiment: OpenAI hiring Uber’s India chief is a talent-related headline, but it does not appear to have a direct near-term impact on Uber’s business or stock. OpenAI poaches Uber India chief
• Negative Sentiment: Some coverage is still focused on the long timeline and uncertainty around Uber’s autonomous-vehicle ambitions, which can weigh on sentiment even when core ride and delivery businesses are performing well. Uber’s robotaxi vision could take years to play out: Analyst

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group set a $115.00 price objective on shares of Uber Technologies in a report on Thursday, May 7th. Weiss Ratings lowered shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 12th. Citizens Jmp restated a “market outperform” rating and issued a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, April 28th. UBS Group downgraded shares of Uber Technologies from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Finally, HSBC lowered shares of Uber Technologies to a “reduce” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $104.97.

Uber Technologies Stock Up 5.3%

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 $154.90 billion, a P/E ratio of 18.98, a P/E/G ratio of 6.48 and a beta of 1.12. The stock has a 50-day moving average price of $73.40 and a 200-day moving average price of $76.11.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. 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.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of the company. Osbon Capital Management LLC bought a new stake in Uber Technologies during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $25,000. Portus Wealth Advisors LLC bought a new position in shares of Uber Technologies in the 1st quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $27,000. 80.24% of the stock is owned by institutional investors.

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.