Canaccord Genuity Group Issues Pessimistic Forecast for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its price target reduced by stock analysts at Canaccord Genuity Group from $72.00 to $70.00 in a report released on Thursday. Canaccord Genuity Group‘s price target indicates a potential upside of 2.28% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on UBER. BMO Capital Markets set a $119.00 target price on Uber Technologies in a research note on Thursday, September 3rd. Rosenblatt Securities began coverage on shares of Uber Technologies in a research note on Tuesday, September 1st. They issued a “buy” rating and a $100.00 price target on the stock. DA Davidson cut their price objective on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 5th. Finally, Arete Research cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 target price for the company. in a report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.50.

Uber Technologies Stock Down 2.0%

Uber Technologies stock traded down $1.43 during midday trading on Thursday, reaching $68.44. The company’s stock had a trading volume of 13,930,455 shares, compared to its average volume of 18,972,723. The company has a market cap of $139.79 billion, a P/E ratio of 15.06, a P/E/G ratio of 6.37 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $70.50 and a 200-day simple moving average of $73.18. Uber Technologies has a fifty-two week low of $64.04 and a fifty-two week high of $95.18.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The business had revenue of $14.77 billion during the quarter, compared to analysts’ expectations of $14.66 billion. During the same period in the prior year, the firm posted $3.11 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that Uber Technologies will post 3.20 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Dara Khosrowshahi purchased 141,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the transaction, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the transaction, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.81% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several large investors have recently modified their holdings of the company. Pictet Asset Management Holding SA grew its position in Uber Technologies by 2.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 3,342,977 shares of the ride-sharing company’s stock worth $229,027,000 after purchasing an additional 94,508 shares during the last quarter. Formidable Asset Management LLC increased its stake in Uber Technologies by 5.2% in the third quarter. Formidable Asset Management LLC now owns 24,653 shares of the ride-sharing company’s stock valued at $1,779,000 after purchasing an additional 1,222 shares during the period. Guidance Capital Inc. increased its stake in Uber Technologies by 2.3% in the third quarter. Guidance Capital Inc. now owns 16,387 shares of the ride-sharing company’s stock valued at $1,093,000 after purchasing an additional 376 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Uber Technologies by 279.5% in the third quarter. International Assets Investment Management LLC now owns 40,000 shares of the ride-sharing company’s stock valued at $2,740,000 after buying an additional 29,460 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Uber Technologies by 4.8% in the third quarter. Kestra Private Wealth Services LLC now owns 182,404 shares of the ride-sharing company’s stock valued at $12,496,000 after buying an additional 8,392 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber reported third-quarter gross bookings growth of 20% and adjusted EPS of $0.88, slightly ahead of estimates. Trailing 12-month free cash flow reached $10.4 billion, supporting the view that the underlying business remains strong. Article: Uber: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Amazon selected Uber Eats as its restaurant-delivery partner for Prime members, making Uber Eats available through Amazon’s app and website. The deal could expand customer reach and delivery volume. Article: Amazon ditches Grubhub, taps Uber Eats for Prime
• Neutral Sentiment: Several analysts maintained Buy/Overweight or Outperform ratings, but some reduced price targets after results. KeyCorp cut its target to $95 and Needham to $100, while retaining bullish ratings—reflecting optimism about long-term potential alongside caution on near-term execution.
• Negative Sentiment: Management’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 consensus cited in coverage. Driver shortages, particularly in Brazil and India, and elevated fuel costs are prompting higher driver incentives and could pressure margins; mobility results also lagged expectations. Article: Uber CEO warns riders could pay more as fuel costs squeeze driver supply
• Negative Sentiment: Waymo plans to end its exclusive Uber robotaxi arrangement in Austin and Atlanta in January 2028, allowing customers to book rides through Waymo’s own app. The change is a longer-term competitive risk, though it does not end Uber’s broader autonomous-vehicle strategy. Article: Waymo confirms it will split with Uber in January 2028

About Uber Technologies

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.