Wolfe Research dropped their target price on shares of Uber Technologies from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Citigroup dropped their target price on shares of Uber Technologies from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Needham & Company LLC increased their target price on shares of Uber Technologies from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Susquehanna Bancshares increased their target price on shares of Uber Technologies from $29.00 to $32.00 in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.97.
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Based on those latest estimates, Grab’s stock trades at 10 times this year’s sales. stock price of Uber Technologies Therefore, Grab still looks a lot pricier — and riskier — than Uber.
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View analysts price targets for UBER or view top-rated stocks among Wall Street analysts. For the full year, analysts expect its revenue to rise 79% to $31.3 billion as its adjusted EBITDA climbs to $1.5 billion. Based on those expectations, Uber’s stock trades at less than two times this year’s sales and 36 times its adjusted EBITDA. Those valuations look cheap, but concerns about volatile fuel costs, regulatory challenges , a potential https://dotbig.com/ slowdown during a recession, and a recent data breach all seem to be driving the bulls away. Uber previously sold its struggling business in Southeast Asia, China, and India to Grab, DiDi, and Zomato, respectively. It also sold its money-losing ATG , which mainly was developing driverless cars, to Aurora. Those deals granted Uber equity stakes in all four companies, but their market valuations crumbled over the past year.
- Uber and rival Lyft could face higher costs if the proposal becomes law.
- Citigroup dropped their target price on shares of Uber Technologies from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th.
- Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to form a base and break out.
- In the first half of 2022, Grab’s revenue grew 39% year over year to $549 million, but its adjusted EBITDA loss widened from $325 million to $520 milion.
But on the basis of adjusted EBITDA , which excludes those hefty equity losses, it posted a net profit of $364 million, compared to a net loss of $509 million in the prior-year quarter. As for the Labor Department proposal, Uber DotBig said its own drivers "consistently and overwhelmingly" prefer the "unique flexibility" of being independent contractors. It also said it would hold "constructive dialogue" with the Labor Department to work through the issue.
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The consensus among Wall Street analysts is that investors should "buy" UBER shares. We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. DotBig Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
Instead, I’d prefer to stick with more reliable growth plays until Uber’s regulatory headwinds dissipate. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for https://dotbig.com/markets/stocks/UBER/ our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes.
Is Uber Technologies Stock a Buy Now?
One stock that fits that bill is https://dotbig.com/markets/stocks/UBER/, which saw a positive improvement to its Relative Strength Rating on Tuesday, rising from 87 to 91. Analysts expect Uber’s total revenue to increase 80% to $31.4 billion in 2022, then grow another 16% to $36.4 billion in 2023. They’ll also tell you that Uber wisely divested many of its unprofitable divisions — including several of its overseas units and the ATG that had been developing driverless cars — over the past few years to stabilize its margins.
NYSE: UBER
But in 2021, Uber’s revenue surged 57% to $17.5 billion as the pandemic-related headwinds passed, and its total trips rose 27%. Its adjusted EBITDA loss also narrowed to $774 million as it benefited from the money-saving divestments of its overseas and ATG units.
Uber Technologies Inc. stock underperforms Thursday when compared to competitors despite daily gains
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Raised $8.5 billion in an initial public offering on Friday, May 10th 2019. The DotBig company issued 180,000,000 shares at a price of $44.00-$50.00 per share. Uber Technologies’ stock was trading at $41.93 on January 1st, 2022. Since then, UBER stock has decreased by 33.2% and is now trading at $28.02.
The ride-hailing and delivery company faces tough new challenges.
Those low valuations suggest the regulatory threats have already been baked into its stock price. If we exclude those investment-related losses and only focus on Uber’s core business, we’ll notice that its adjusted EBITDA actually turned positive in the first half of 2022. Analysts expect it to generate a positive adjusted EBITDA of $1.55 billion for the full year and for that figure to more than double to $3.25 billion in 2023 as it further reins in its spending. The bears will point out that even though Uber classifies its millions of drivers as independent contractors, it hasn’t ever been profitable on a GAAP basis. The ride-hailing and delivery company faces tough new challenges. © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Uber Technologies has received a 6.77% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Peer-to-peer ride-sharing services", "Package delivery services", Uber Technologies stock and "Restaurant food delivery services" products. Uber Technologies has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Ultimately, this news won’t impact Uber’s long-term growth.