Needham & Company LLC Issues Pessimistic Forecast for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its target price decreased by stock analysts at Needham & Company LLC from $109.00 to $100.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the ride-sharing company’s stock. Needham & Company LLC‘s price target points to a potential upside of 45.71% from the company’s previous close.

A number of other equities research analysts also recently weighed in on UBER. Guggenheim reissued a “buy” rating and set a $125.00 price target on shares of Uber Technologies in a research note on Friday, October 16th. 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 objective on the stock. Mizuho set a $112.00 target price on shares of Uber Technologies and gave the stock an “outperform” rating in a report on Thursday, August 6th. KeyCorp dropped their target price on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company cut their price target on Uber Technologies from $92.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, forty-four have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.82.

Uber Technologies Trading Down 0.2%

UBER stock traded down $0.15 during midday trading on Thursday, reaching $68.63. The stock had a trading volume of 18,272,398 shares, compared to its average volume of 16,264,552. The business has a fifty day simple moving average of $70.14 and a two-hundred day simple moving average of $73.03. 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 firm has a market cap of $140.18 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 6.38 and a beta of 1.33. Uber Technologies has a twelve month low of $64.04 and a twelve month high of $95.18.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share 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 firm had revenue of $14.77 billion during the quarter, compared to analysts’ expectations of $14.66 billion. During the same period in the previous year, the business posted $3.11 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies will post 3.14 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at approximately $97,009,416. This trade represents a 11.50% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avion Wealth grew its position in shares of Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company’s stock valued at $70,000 after purchasing an additional 145 shares during the period. Frazier Financial Advisors LLC raised its holdings in Uber Technologies by 8.5% during the 1st quarter. Frazier Financial Advisors LLC now owns 1,942 shares of the ride-sharing company’s stock worth $140,000 after buying an additional 152 shares during the period. Cornerstone Planning Group LLC lifted its stake in Uber Technologies by 10.6% in the second quarter. Cornerstone Planning Group LLC now owns 1,624 shares of the ride-sharing company’s stock valued at $114,000 after buying an additional 155 shares in the last quarter. CFS Investment Advisory Services LLC lifted its stake in Uber Technologies by 6.1% in the first quarter. CFS Investment Advisory Services LLC now owns 2,733 shares of the ride-sharing company’s stock valued at $211,000 after buying an additional 156 shares in the last quarter. Finally, Canopy Partners LLC lifted its stake in Uber Technologies by 1.8% in the third quarter. Canopy Partners LLC now owns 8,605 shares of the ride-sharing company’s stock valued at $590,000 after buying an additional 156 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

Uber Technologies Company Profile

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.