Uber Technologies (UBER) Stock Forecast & Price Target

$71.56 -1.86 (-2.53%)

(As of 11/26/2024 ET)

Uber Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 39 Analyst Ratings

Sell
0

Hold
6

Buy
33

Based on 39 Wall Street analysts who have issued ratings for Uber Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 39 analysts, 6 have given a hold rating, 32 have given a buy rating, and 1 has given a strong buy rating for UBER.

Consensus Price Target

$90.51
26.49% Upside

According to the 39 analysts' twelve-month price targets for Uber Technologies, the average price target is $90.51. The highest price target for UBER is $120.00, while the lowest price target for UBER is $62.00. The average price target represents a forecasted upside of 26.49% from the current price of $71.56.

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UBER Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	32 Buy rating(s)	31 Buy rating(s)	30 Buy rating(s)	30 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$90.51	$88.86	$87.50	$56.44
Forecasted Upside	26.49% Upside	14.49% Upside	21.76% Upside	0.67% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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UBER Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

UBER Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Uber Technologies Stock vs. The Competition

Type	Uber Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.87	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	26.61% Upside	526.47% Upside	6.81% Upside
News Sentiment Rating	Positive News See Recent UBER News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/25/2024	Tigress Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$96.00 ➝ $103.00	+40.29%
11/6/2024	DA Davidson 3 of 5 stars		Boost Target	Buy ➝ Buy	$82.00 ➝ $84.00	+12.92%
11/6/2024	Loop Capital 2 of 5 stars		Boost Target	Buy ➝ Buy	$84.00 ➝ $86.00	+15.61%
11/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$97.00 ➝ $90.00	+22.87%
11/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $82.00	+12.13%
11/1/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Kurnos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
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11/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$99.00 ➝ $95.00	+29.73%
11/1/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$80.00 ➝ $95.00	+29.32%
11/1/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$90.00 ➝ $85.00	+15.71%
10/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $120.00	+70.77%
10/31/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Mollins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$85.00	+20.67%
10/31/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$90.00 ➝ $90.00	+13.29%
10/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$88.00 ➝ $96.00	+19.93%
10/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$100.00 ➝ $105.00	+29.95%
10/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$102.00 ➝ $114.00	+43.54%
10/17/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Nathan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/17/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$84.00	+2.56%
10/11/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$92.00 ➝ $92.00	+7.18%
10/7/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$90.00 ➝ $90.00	+19.98%
9/27/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $95.00	+23.88%
9/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Strong-Buy	$90.00	+20.50%
8/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$96.00 ➝ $98.00	+48.67%
8/7/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$85.00 ➝ $90.00	+32.59%
8/7/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$89.00 ➝ $90.00	+32.59%
7/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $95.00	+40.08%
7/23/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$88.00 ➝ $90.00	+30.81%
7/22/2024	Melius Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$77.00	+13.49%
7/22/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cunningham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$77.00	+14.40%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Khajuria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$90.00	+24.50%
6/25/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$86.00 ➝ $88.00	+24.75%
5/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$85.00 ➝ $85.00	+28.01%
4/11/2024	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$92.00	+21.15%
3/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$69.00 ➝ $95.00	+16.79%
2/22/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$80.00 ➝ $90.00	+17.74%
2/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$84.00 ➝ $95.00	+21.25%
2/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$63.00 ➝ $86.00	+19.94%
2/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$77.00 ➝ $83.00	+15.13%
2/8/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$60.00 ➝ $85.00	+20.14%
12/29/2023	Nomura Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$59.00 ➝ $62.00	-1.80%
8/2/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$50.00 ➝ $55.00	+17.90%
The Great AI-Energy Collision (Ad) The biggest players in AI and tech are desperate to bring this limitless power source online. And fast. It’s the only way they can compete in their race for AI dominance. A handful of energy stocks are going to emerge from this transformation to dominate the sector. Get the full story here, while you still can.
5/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$44.00 ➝ $46.00	+22.76%
5/3/2023	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$41.00 ➝ $43.00	+17.74%
2/9/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kulkarni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$70.00 ➝ $66.00	+117.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:34 PM ET.

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

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 Friday, November 22, 2024. Please send any questions or comments about these Uber Technologies pros and cons to contact@marketbeat.com.

Uber Technologies
Bull Case

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

Uber Technologies, Inc. recently reported earnings per share (EPS) of $1.20, significantly exceeding analysts' expectations of $0.41. This strong performance indicates robust profitability and operational efficiency.
The company achieved a revenue of $11.19 billion for the latest quarter, surpassing the consensus estimate of $10.99 billion, reflecting strong demand for its services.
With a current stock price of $71.49, there is potential for growth as analysts have set an average price target of $90.32, suggesting a possible upside for investors.
Analysts have issued a majority of buy ratings, with 32 out of 39 analysts recommending the stock as a buy, indicating strong market confidence in the company's future performance.
Uber Technologies, Inc. operates in multiple segments—Mobility, Delivery, and Freight—diversifying its revenue streams and reducing reliance on any single market segment.

Uber Technologies
Bear Case

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

The stock has experienced volatility, with a 52-week low of $54.84, indicating potential risks associated with price fluctuations.
Insider selling has been observed, with a notable transaction where an insider sold 40,000 shares, which could signal a lack of confidence in the stock's short-term performance.
Despite strong earnings, the company has a high P/E ratio of 35.58, which may suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.
Uber Technologies, Inc. has a debt-to-equity ratio of 0.70, indicating a moderate level of debt, which could pose risks if the company faces financial challenges.
The competitive landscape in the ride-sharing and delivery markets is intense, with numerous players vying for market share, which could impact Uber's growth and profitability.

UBER Forecast - Frequently Asked Questions

: According to the research reports of 39 Wall Street equities research analysts, the average twelve-month stock price forecast for Uber Technologies is $90.51, with a high forecast of $120.00 and a low forecast of $62.00.
: 39 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last twelve months. There are currently 6 hold ratings, 32 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" UBER shares.
: According to analysts, Uber Technologies's stock has a predicted upside of 26.49% based on their 12-month stock forecasts.
: Over the previous 90 days, Uber Technologies's stock had 2 downgrades and 1 upgrade by analysts.
: Uber Technologies has been rated by research analysts at Bank of America, Benchmark, BMO Capital Markets, Cantor Fitzgerald, DA Davidson, Daiwa America, Daiwa Capital Markets, Evercore ISI, Gordon Haskett, Jefferies Financial Group, JMP Securities, KeyCorp, Loop Capital, Needham & Company LLC, Oppenheimer, Raymond James, Royal Bank of Canada, Tigress Financial, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Uber Technologies more than other "computer and technology" companies. The consensus rating score for Uber Technologies is 2.87 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how UBER compares to other companies.

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This page (NYSE:UBER) was last updated on 11/26/2024 by MarketBeat.com Staff

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Uber Technologies (UBER) Stock Forecast & Price Target