Providing a diverse range of perspectives from bullish to bearish, 29 analysts have published ratings on Uber Technologies UBER in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 17 | 12 | 0 | 0 | 0 |
| Last 30D | 5 | 3 | 0 | 0 | 0 |
| 1M Ago | 4 | 1 | 0 | 0 | 0 |
| 2M Ago | 3 | 3 | 0 | 0 | 0 |
| 3M Ago | 5 | 5 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $90.21, a high estimate of $100.00, and a low estimate of $80.00. Marking an increase of 6.0%, the current average surpasses the previous average price target of $85.10.
Interpreting Analyst Ratings: A Closer Look
The standing of Uber Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lloyd Walmsley | UBS | Lowers | Buy | $95.00 | $100.00 |
| Ronald Josey | Citigroup | Raises | Buy | $93.00 | $91.00 |
| Brad Erickson | RBC Capital | Lowers | Outperform | $80.00 | $85.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Overweight | $89.00 | $95.00 |
| John Blackledge | TD Cowen | Lowers | Buy | $88.00 | $90.00 |
| Scott Devitt | Wedbush | Lowers | Outperform | $80.00 | $85.00 |
| Justin Post | B of A Securities | Lowers | Buy | $87.00 | $91.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Tom White | DA Davidson | Maintains | Buy | $81.00 | $81.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Jason Helfstein | Oppenheimer | Maintains | Outperform | $90.00 | - |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $96.00 | $72.00 |
| Michael Morton | MoffettNathanson | Maintains | Buy | $92.00 | - |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $95.00 | $90.00 |
| John Colantuoni | Jefferies | Raises | Buy | $100.00 | $95.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $85.00 | - |
| Youssef Squali | Truist Securities | Raises | Buy | $94.00 | $90.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $92.00 | $78.00 |
| Bill Selesky | Argus Research | Raises | Buy | $95.00 | $69.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $85.00 | $76.00 |
| Ronald Josey | Citigroup | Raises | Buy | $91.00 | $83.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $96.00 | $94.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $85.00 | - |
| Doug Anmuth | JP Morgan | Raises | Overweight | $95.00 | $84.00 |
| Brian Pitz | BMO Capital | Raises | Outperform | $92.00 | $82.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $90.00 | $77.00 |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | - |
| Justin Patterson | Keybanc | Raises | Overweight | $90.00 | $79.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Uber Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Uber Technologies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
All You Need to Know About Uber Technologies
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
Uber Technologies: A Financial Overview
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Uber Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.44% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Uber Technologies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.38% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Uber Technologies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.87% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Uber Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 3.83%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Uber Technologies's debt-to-equity ratio is below the industry average at 1.0, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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