Uber Technologies (UBER) Stock Forecast & Price Target

$72.94

+0.07 (+0.10%)

(As of 04:33 PM 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 36 Analyst Ratings

Sell
0

Hold
4

Buy
32

Based on 36 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 36 analysts, 4 have given a hold rating, 31 have given a buy rating, and 1 has given a strong buy rating for UBER.

Consensus Price Target

$87.81
20.28% Upside

According to the 36 analysts' twelve-month price targets for Uber Technologies, the average price target is $87.81. The highest price target for UBER is $100.00, while the lowest price target for UBER is $62.00. The average price target represents a forecasted upside of 20.28% from the current price of $72.94.

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UBER Analyst Ratings Over Time

Type	Current Forecast 10/4/23 to 10/3/24	1 Month Ago 9/4/23 to 9/3/24	3 Months Ago 7/6/23 to 7/5/24	1 Year Ago 10/4/22 to 10/4/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	31 Buy rating(s)	30 Buy rating(s)	30 Buy rating(s)	31 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 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	$87.81	$87.53	$84.41	$56.00
Forecasted Upside	20.28% Upside	21.70% Upside	18.78% Upside	24.64% 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	2.92	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	20.91% Upside	1,286.11% Upside	7.80% 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
9/30/2024	Cantor Fitzgerald 3 of 5 stars	D. Mathivanan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$90.00 ➝ $90.00	+19.73%
9/27/2024	Oppenheimer 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $95.00	+23.88%
9/24/2024	Raymond James 4 of 5 stars		Initiated Coverage	Strong-Buy	$90.00	+20.50%
9/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$97.00 ➝ $97.00	+34.09%
9/6/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$88.00 ➝ $88.00	+26.31%
9/3/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$83.00 ➝ $84.00	+14.86%
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8/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$88.00 ➝ $88.00	+20.04%
8/7/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$75.00 ➝ $80.00	+22.06%
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%
8/7/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$80.00 ➝ $80.00	+17.86%
8/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $90.00	+32.08%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$90.00 ➝ $90.00	+38.80%
8/7/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$81.00 ➝ $82.00	+26.47%
7/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$92.00 ➝ $92.00	+45.36%
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%
5/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$100.00 ➝ $95.00	+39.87%
5/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$103.00 ➝ $100.00	+47.23%
5/8/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$85.00 ➝ $85.00	+28.01%
4/19/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$72.00 ➝ $96.00	+38.51%
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%
2/15/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$79.00 ➝ $90.00	+13.71%
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%
1/24/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$66.00	+2.61%
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%
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
The death of Nvidia? (Ad) Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming. So go here now to read my new report The Big AI Die-Up… while you still can.
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$70.00 ➝ $66.00	+117.89%
10/24/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$76.00 ➝ $70.00	+148.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:26 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 Monday, September 30, 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. has shown a 15.9% increase in quarterly revenue year-over-year, indicating growth potential.
Analysts predict Uber Technologies, Inc. will post an EPS of 1.06 for the current fiscal year, showing positive earnings outlook.
Recent insider transactions show confidence in the company, with insiders purchasing shares, signaling belief in future performance.
Multiple research firms have given Uber Technologies, Inc. a "buy" or "outperform" rating, suggesting strong market sentiment.
Despite recent fluctuations, Uber Technologies, Inc. stock price remains stable, providing a consistent investment option.

Uber Technologies
Bear Case

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

Uber Technologies, Inc. currently has a high PE ratio of 121.06, indicating the stock may be overvalued compared to its earnings.
Market volatility and regulatory challenges in the ride-sharing industry could impact Uber Technologies, Inc.'s future growth prospects.
CEO and insiders have been selling significant amounts of company stock, potentially signaling concerns about future performance.
Competition in the ride-sharing sector is intense, with other players constantly innovating and challenging Uber Technologies, Inc.'s market position.
Uber Technologies, Inc. has a beta of 1.33, indicating higher volatility compared to the market, which may pose risks for investors.

UBER Forecast - Frequently Asked Questions

: According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Uber Technologies is $87.81, with a high forecast of $100.00 and a low forecast of $62.00.
: 36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last twelve months. There are currently 4 hold ratings, 31 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 20.38% based on their 12-month stock forecasts.
: Uber Technologies has been rated by research analysts at Bank of America, BMO Capital Markets, Cantor Fitzgerald, Citigroup, DA Davidson, Evercore ISI, JMP Securities, Loop Capital, Melius, Melius Research, Morgan Stanley, Needham & Company LLC, Oppenheimer, Raymond James, Roth Mkm, Royal Bank of Canada, TD Cowen, The Goldman Sachs Group, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Uber Technologies more than other "computer and technology" companies. The consensus rating score for Uber Technologies is 2.92 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how UBER compares to other companies.

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The death of Nvidia? (Ad)

Today, I’m warning of another looming catastrophe. Only this time, it’s not in pot stocks, cryptos, or U.S. housing… it's in artificial intelligence. And unless you know what’s really going on in this sector, you could be wiped out. You see, while there is no doubt that the recent advancements in artificial intelligence are game-changing and will drive colossal innovation in every sector of the economy... There's also no escaping that The Big AI Die-Up is coming.

So go here now to read my new report The Big AI Die-Up… while you still can.

This page (NYSE:UBER) was last updated on 10/3/2024 by MarketBeat.com Staff

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