Throughout the last three months, 27 analysts have evaluated Uber Technologies (NYSE:UBER), offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 12 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 0 | 0 | 0 |
| 2M Ago | 9 | 7 | 1 | 0 | 0 |
| 3M Ago | 2 | 4 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Uber Technologies, revealing an average target of $92.59, a high estimate of $120.00, and a low estimate of $80.00. Marking an increase of 2.97%, the current average surpasses the previous average price target of $89.92.
Diving into Analyst Ratings: An In-Depth Exploration
The analysis of recent analyst actions sheds light on the perception of Uber Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $95.00 | $95.00 |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $103.00 | $96.00 |
| Rob Sanderson | Loop Capital | Raises | Buy | $86.00 | $84.00 |
| Tom White | DA Davidson | Raises | Buy | $84.00 | $82.00 |
| Ken Gawrelski | Wells Fargo | Lowers | Overweight | $90.00 | $97.00 |
| Brad Erickson | RBC Capital | Raises | Outperform | $82.00 | $80.00 |
| Youssef Squali | Truist Securities | Lowers | Buy | $95.00 | $99.00 |
| Justin Patterson | Keybanc | Lowers | Overweight | $85.00 | $90.00 |
| Ronald Josey | JMP Securities | Raises | Market Outperform | $95.00 | $80.00 |
| Mark Mahaney | Evercore ISI Group | Raises | Outperform | $120.00 | $90.00 |
| Robert Mollins | Gordon Haskett | Announces | Buy | $85.00 | - |
| Bernie McTernan | Needham | Maintains | Buy | $90.00 | $90.00 |
| Brad Erickson | RBC Capital | Maintains | Outperform | $80.00 | $80.00 |
| Justin Post | B of A Securities | Raises | Buy | $96.00 | $88.00 |
| John Colantuoni | Jefferies | Raises | Buy | $105.00 | $100.00 |
| Lloyd Walmsley | UBS | Raises | Buy | $114.00 | $102.00 |
| Tom White | DA Davidson | Maintains | Buy | $82.00 | $82.00 |
| Jairam Nathan | Daiwa Capital | Announces | Neutral | $84.00 | - |
| Justin Post | B of A Securities | Maintains | Buy | $88.00 | $88.00 |
| Brian Pitz | BMO Capital | Maintains | Outperform | $92.00 | $92.00 |
| Youssef Squali | Truist Securities | Raises | Buy | $99.00 | $88.00 |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $90.00 | $90.00 |
| Jason Helfstein | Oppenheimer | Raises | Outperform | $95.00 | $90.00 |
| Josh Beck | Raymond James | Announces | Strong Buy | $90.00 | - |
| Deepak Mathivanan | Cantor Fitzgerald | Maintains | Overweight | $90.00 | $90.00 |
| Ken Gawrelski | Wells Fargo | Maintains | Overweight | $97.00 | $97.00 |
| Youssef Squali | Truist Securities | Maintains | Buy | $88.00 | $88.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Uber Technologies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Uber Technologies compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Uber Technologies's stock. This analysis reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Uber Technologies's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Uber Technologies analyst ratings.
Discovering Uber Technologies: A Closer Look
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.
Understanding the Numbers: Uber Technologies's Finances
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Uber Technologies's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 20.4%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Uber Technologies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 23.35% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Uber Technologies's ROE excels beyond industry benchmarks, reaching 19.26%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Uber Technologies's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.89% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.86, Uber Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
