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Uber Technologies (UBER) Stock Price, News & Analysis

$71.24
+0.18 (+0.25%)
(As of 07/8/2024 ET)
Today's Range
$70.75
$71.78
50-Day Range
$63.53
$73.16
52-Week Range
$40.09
$82.14
Volume
7.23 million shs
Average Volume
13.16 million shs
Market Capitalization
$148.86 billion
P/E Ratio
114.90
Dividend Yield
N/A
Price Target
$84.41

Uber Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
18.5% Upside
$84.41 Price Target
Short Interest
Healthy
2.36% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.81mentions of Uber Technologies in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$42.26 M Sold Last Quarter
Proj. Earnings Growth
154.12%
From $0.85 to $2.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.61 out of 5 stars

Computer And Technology Sector

70th out of 568 stocks

Business Services, Not Elsewhere Classified Industry

15th out of 91 stocks

UBER stock logo

About Uber Technologies Stock (NYSE:UBER)

Uber Technologies Inc. is a San Francisco-based company providing mobility, food and package delivery services and freight transport. Uber operates in approximately 10,500 cities in 72 countries. The company sets fares based on local supply and demand at the time of booking and receives a commission from each booking. The company has 131 million monthly active users and 5.4 million active drivers and couriers worldwide. 

Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc. The idea for Uber came about after Camp and Kalanick spent a pricey $800 hiring a private driver on New Year's Eve, and Camp needed help finding a taxi on a snowy night in Paris. Camp, Oscar Salazar and Conrad Whelan built the prototype for Uber's mobile app, with Kalanick as the chief advisor to the company. Ryan Graves became the first Uber employee in February 2010 and was named CEO in May 2010. In December 2010, Kalanick succeeded Graves as CEO, and Graves became the chief operating officer. Uber's current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.

Uber debuted in San Francisco in 2011, opening its services and mobile app to the public after beta testing in May 2010. Initially, the application hailed black luxury cars, which cost about 1.5 times as much as a regular taxi. In response to San Francisco's taxi operators' objections, the company changed its name from UberCab to Uber in the same year. Uber's early team consisted of talented individuals from various fields, including a computational neuroscientist and a nuclear physicist who worked on enhancing the accuracy of Uber's car arrival predictions beyond what Google APIs offered.

In the summer of 2012, Uber rolled out UberX. This budget-friendly alternative permitted drivers to use their cars provided they passed background checks and met insurance, registration and vehicle quality standards. UberX expanded to 35 cities within a few months, demonstrating its popularity among cost-conscious riders. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform. It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares.

Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors. Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Additionally, Uber has been criticized for various unethical practices, such as ignoring local regulations, some of which were revealed by the leak of the Uber Files between 2013 and 2017 under the leadership of Travis Kalanick.

In August 2016, DiDi acquired Uber's business operations in China, and in exchange, Uber obtained an 18% equity stake in DiDi. DiDi also pledged to invest $1 billion in Uber as part of the agreement. Later that year, Uber purchased Ottomotto, a startup specializing in developing autonomous trucks. The acquisition was valued at $625 million, and the founder of Ottomotto, Anthony Levandowski, was previously accused of stealing trade secrets from his former employer, Waymo, to establish the company. In the same year, Uber also bought Geometric Intelligence, the cornerstone of "Uber AI," a department dedicated to exploring and researching AI technologies and machine learning. The Uber AI project disappeared in May 2020.

Despite the controversies, Uber has committed to carbon neutrality globally by 2040, and by 2030, in most countries, rides will move exclusively to electric vehicles. The company has also formed various partnerships and acquisitions, such as with IT Taxi in Italy, Cornershop for grocery delivery and Postmates for alcohol delivery. Uber continues to expand its services and develop new offerings, such as Uber Works, Uber Green and Uber Eats. The company has recently announced plans to become an emission-free platform and is investing in self-driving cars.

UBER Stock Price History

UBER Stock News Headlines

Domino's pizza sign logo
Domino’s vs. Papa John's: Stock Showdown of Pizza Giants (UBER)
The pizza wars pit the 2 major pizza franchises against each other: Domino’s Pizza Inc. (NYSE: DPZ) versus Papa John’s International Inc. (NASDAQ: PZZA).
lyft logo app on smartphone
Wall Street Analysts are Bullish on Lyft Stock: Here's Why (UBER)
Lyft offered enough growth at a discount for Wall Street to come and boost its valuations on masse. Double-digit upside lies ahead for the stock today
Biden Nomination CANCELED?
And I believe when they do take the oath of office, their fingers will be crossed… and America will descend into chaos.
Lyft logo on smartphone screen
Lyft Stock Gap and Craps on Bold 2027 Guidance at Investor Day (UBER)
Rideshare operator Lyft Inc. (NASDAQ: LYFT) made bold 2027 growth projections for its Investor Day, which caused shares to gap up to $17.29 initially but failed
Uber: New Growth Engines Emerge, Big Buybacks Ongoing
Biden Nomination CANCELED?
And I believe when they do take the oath of office, their fingers will be crossed… and America will descend into chaos.
Uber Technologies (NYSE:UBER) Trading Down 0.6%
Uber Technologies (NYSE:UBER) Stock Price Up 1.8%
Uber Technologies (NYSE:UBER) Trading Down 2.2%
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Today
7/08/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
30,400
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$84.41
High Stock Price Target
$100.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
32 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
4.74%

Debt

Sales & Book Value

Annual Sales
$37.28 billion
Cash Flow
$1.36 per share
Book Value
$5.84 per share

Miscellaneous

Outstanding Shares
2,089,520,000
Free Float
2,010,118,000
Market Cap
$148.86 billion
Optionable
Optionable
Beta
1.36

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Key Executives

Should I Buy Uber Technologies Stock? UBER Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Uber Technologies, Inc.:

  • Uber's current stock price is relatively lower compared to its 1-year high, potentially offering a buying opportunity for investors.
  • Analysts have given Uber a "Moderate Buy" rating with a consensus target price of $84.41, indicating positive sentiment towards the stock.
  • Uber's revenue was up 14.8% year-over-year, showing growth in the company's core business operations.
  • Uber operates in multiple regions globally, providing geographic diversification for investors.
  • Uber's technology applications in the Mobility, Delivery, and Freight segments offer a diversified revenue stream for the company.

Cons

Investors should be bearish about investing in Uber Technologies, Inc. for these reasons:

  • Uber's PE ratio of 116.03 is relatively high, indicating that the stock may be overvalued based on its earnings.
  • Uber reported a net margin of 3.60%, which is lower compared to industry peers, suggesting lower profitability.
  • Uber's debt-to-equity ratio of 0.80 indicates the company has a significant amount of debt, which can pose financial risks.
  • Uber's beta of 1.36 implies the stock is more volatile compared to the market, potentially leading to higher price fluctuations.
  • Uber's recent earnings per share (EPS) of ($0.32) missed analyst estimates, signaling potential challenges in the company's financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Uber Technologies pros and cons to contact@marketbeat.com.

UBER Stock Analysis - Frequently Asked Questions

How have UBER shares performed this year?

Uber Technologies' stock was trading at $61.57 at the start of the year. Since then, UBER shares have increased by 15.7% and is now trading at $71.24.
View the best growth stocks for 2024 here
.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) posted its quarterly earnings data on Wednesday, May, 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.53. Uber Technologies's revenue for the quarter was up 14.8% compared to the same quarter last year.

What is Dara Khosrowshahi's approval rating as Uber Technologies' CEO?

2,159 employees have rated Uber Technologies Chief Executive Officer Dara Khosrowshahi on Glassdoor.com. Dara Khosrowshahi has an approval rating of 83% among the company's employees.

Does Uber Technologies have any subsidiaries?

Uber Technologies subsidiaries include Drizly, Autocab Private Hire/Taxis, Routematch, Postmates, Cornershop, Mighty AI, Careem, and more.

When did Uber Technologies IPO?

Uber Technologies (UBER) raised $8.5 billion in an initial public offering (IPO) on Friday, May 10th 2019. The company issued 180,000,000 shares at a price of $44.00-$50.00 per share. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup and Allen & Company acted as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, HSBC, SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, The Williams Capital Group and TPG Capital BD were co-managers.

Who are Uber Technologies' major shareholders?

Uber Technologies' top institutional shareholders include Douglas Lane & Associates LLC (0.03%), DNB Asset Management AS (0.03%), ST Germain D J Co. Inc. (0.01%) and Westend Capital Management LLC (0.01%). Insiders that own company stock include Dara Khosrowshahi, Nelson Chai, Jill Hazelbaker and Tony West.
View institutional ownership trends
.

How do I buy shares of Uber Technologies?

Shares of UBER stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Uber Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Uber Technologies investors own include Tesla (TSLA), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Advanced Micro Devices (AMD), Netflix (NFLX) and Block (SQ).

This page (NYSE:UBER) was last updated on 7/9/2024 by MarketBeat.com Staff

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