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S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain

Uber Technologies (UBER) Stock Forecast, Price & News

$39.18
-0.07 (-0.18%)
(As of 05/19/2023 08:48 PM ET)
Compare
Today's Range
$38.92
$39.49
50-Day Range
$29.59
$39.25
52-Week Range
$19.90
$39.49
Volume
19.79 million shs
Average Volume
24.77 million shs
Market Capitalization
$79.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$48.42

Uber Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.97 Rating Score
Upside/​Downside
23.6% Upside
$48.42 Price Target
Short Interest
Healthy
2.61% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.30mentions of Uber Technologies in the last 14 days
Based on 46 Articles This Week
Insider Trading
Selling Shares
$606,507 Sold Last Quarter
Proj. Earnings Growth
1,283.33%
From $0.06 to $0.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Computer And Technology Sector

125th out of 608 stocks

Business Services, Not Elsewhere Classified Industry

22nd out of 91 stocks


UBER stock logo

About Uber Technologies (NYSE:UBER) Stock

Uber Technologies Inc. is a San Francisco-based company providing mobility, food and package delivery services and freight transport. Uber operates in approximately 10,500 cities in 72 countries. The company sets fares based on local supply and demand at the time of booking and receives a commission from each booking. The company has 131 million monthly active users and 5.4 million active drivers and couriers worldwide. 

Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc. The idea for Uber came about after Camp and Kalanick spent a pricey $800 hiring a private driver on New Year's Eve, and Camp needed help finding a taxi on a snowy night in Paris. Camp, Oscar Salazar and Conrad Whelan built the prototype for Uber's mobile app, with Kalanick as the chief advisor to the company. Ryan Graves became the first Uber employee in February 2010 and was named CEO in May 2010. In December 2010, Kalanick succeeded Graves as CEO, and Graves became the chief operating officer. Uber's current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.

Uber debuted in San Francisco in 2011, opening its services and mobile app to the public after beta testing in May 2010. Initially, the application hailed black luxury cars, which cost about 1.5 times as much as a regular taxi. In response to San Francisco's taxi operators' objections, the company changed its name from UberCab to Uber in the same year. Uber's early team consisted of talented individuals from various fields, including a computational neuroscientist and a nuclear physicist who worked on enhancing the accuracy of Uber's car arrival predictions beyond what Google APIs offered.

In the summer of 2012, Uber rolled out UberX. This budget-friendly alternative permitted drivers to use their cars provided they passed background checks and met insurance, registration and vehicle quality standards. UberX expanded to 35 cities within a few months, demonstrating its popularity among cost-conscious riders. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform. It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares.

Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors. Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Additionally, Uber has been criticized for various unethical practices, such as ignoring local regulations, some of which were revealed by the leak of the Uber Files between 2013 and 2017 under the leadership of Travis Kalanick.

In August 2016, DiDi acquired Uber's business operations in China, and in exchange, Uber obtained an 18% equity stake in DiDi. DiDi also pledged to invest $1 billion in Uber as part of the agreement. Later that year, Uber purchased Ottomotto, a startup specializing in developing autonomous trucks. The acquisition was valued at $625 million, and the founder of Ottomotto, Anthony Levandowski, was previously accused of stealing trade secrets from his former employer, Waymo, to establish the company. In the same year, Uber also bought Geometric Intelligence, the cornerstone of "Uber AI," a department dedicated to exploring and researching AI technologies and machine learning. The Uber AI project disappeared in May 2020.

Despite the controversies, Uber has committed to carbon neutrality globally by 2040, and by 2030, in most countries, rides will move exclusively to electric vehicles. The company has also formed various partnerships and acquisitions, such as with IT Taxi in Italy, Cornershop for grocery delivery and Postmates for alcohol delivery. Uber continues to expand its services and develop new offerings, such as Uber Works, Uber Green and Uber Eats. The company has recently announced plans to become an emission-free platform and is investing in self-driving cars.

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UBER Stock News Headlines

Is Uber Stock Pricing in Operational GAAP Profitability Soon?
The sentiment for Uber Technologies Inc. (NASDAQ: UBER) is positive more than ever as the company continues to break records in its quest to reach
Ex-Uber security chief sentenced for data-breach cover-up
The former chief security officer for Uber has been sentenced to probation for trying to cover up a 2016 data breach in which hackers accessed tens of millions of customer records from the ride-hailing service
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Sheriff: Uber Eats driver slain, dismembered making delivery
A Florida man is charged with murder and other offenses in the slaying and dismemberment of an Uber Eats driver who had brought food to the assailant’s house
Driver in fatal Uber autonomous crash set for June trial
An Uber driver involved in the first death connected to a fully autonomous vehicle faces a June trial
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
You Can Track Your Teen's Uber
See More Headlines
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UBER Company Calendar

Last Earnings
5/02/2023
Today
5/22/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
32,800
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$48.42
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+23.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.97
Research Coverage
29 Analysts

Profitability

Net Income
$-9,141,000,000.00
Pretax Margin
-10.03%

Debt

Sales & Book Value

Annual Sales
$31.88 billion
Book Value
$4.08 per share

Miscellaneous

Outstanding Shares
2,023,830,000
Free Float
1,946,112,000
Market Cap
$79.29 billion
Optionable
Not Optionable
Beta
1.20

Social Links


Key Executives

  • Dara KhosrowshahiDara Khosrowshahi
    Chief Executive Officer & Director
  • Derek Tu
    Manager-Strategy & Operations
  • Nelson J. Chai
    Chief Financial Officer
  • Latha Maripuri
    Chief Information Security Officer
  • Sundeep Jain
    Chief Product Officer & Senior VP-Engineering













UBER Stock - Frequently Asked Questions

Should I buy or sell Uber Technologies stock right now?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Uber Technologies in the last year. There are currently 1 hold rating and 28 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" UBER shares.
View UBER analyst ratings
or view top-rated stocks.

What is Uber Technologies' stock price forecast for 2023?

29 Wall Street research analysts have issued 12-month price targets for Uber Technologies' stock. Their UBER share price forecasts range from $32.00 to $70.00. On average, they predict the company's share price to reach $48.42 in the next year. This suggests a possible upside of 23.6% from the stock's current price.
View analysts price targets for UBER
or view top-rated stocks among Wall Street analysts.

How have UBER shares performed in 2023?

Uber Technologies' stock was trading at $24.73 at the beginning of the year. Since then, UBER shares have increased by 58.4% and is now trading at $39.18.
View the best growth stocks for 2023 here
.

When is Uber Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our UBER earnings forecast
.

How were Uber Technologies' earnings last quarter?

Uber Technologies, Inc. (NYSE:UBER) issued its earnings results on Tuesday, May, 2nd. The ride-sharing company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The ride-sharing company had revenue of $8.82 billion for the quarter, compared to analyst estimates of $8.71 billion. Uber Technologies had a negative trailing twelve-month return on equity of 43.94% and a negative net margin of 9.95%. The business's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS.

What is Dara Khosrowshahi's approval rating as Uber Technologies' CEO?

2,159 employees have rated Uber Technologies Chief Executive Officer Dara Khosrowshahi on Glassdoor.com. Dara Khosrowshahi has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Uber Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Uber Technologies investors own include Tesla (TSLA), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ), Micron Technology (MU), Boeing (BA) and Lyft (LYFT).

When did Uber Technologies IPO?

(UBER) raised $8.5 billion in an IPO on Friday, May 10th 2019. The company issued 180,000,000 shares at $44.00-$50.00 per share. Morgan Stanley, Goldman Sachs, BofA Merrill Lynch, Barclays, Citigroup and Allen & Company acted as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank Securities, HSBC, SMBC, Mizuho Securities, Needham & Company, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, The Williams Capital Group and TPG Capital BD were co-managers.

What is Uber Technologies' stock symbol?

Uber Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "UBER."

Who are Uber Technologies' major shareholders?

Uber Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (2.29%), Fisher Asset Management LLC (1.03%), Geode Capital Management LLC (1.02%), Clearbridge Investments LLC (0.77%), Altimeter Capital Management LP (0.66%) and Sands Capital Management LLC (0.53%). Insiders that own company stock include Cayman 2 Ltd Sb, Dara Khosrowshahi, Jill Hazelbaker, Robert Eckert and Tony West.
View institutional ownership trends
.

How do I buy shares of Uber Technologies?

Shares of UBER stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Uber Technologies' stock price today?

One share of UBER stock can currently be purchased for approximately $39.18.

How much money does Uber Technologies make?

Uber Technologies (NYSE:UBER) has a market capitalization of $79.29 billion and generates $31.88 billion in revenue each year. The ride-sharing company earns $-9,141,000,000.00 in net income (profit) each year or ($1.73) on an earnings per share basis.

How many employees does Uber Technologies have?

The company employs 32,800 workers across the globe.

Does Uber Technologies have any subsidiaries?
The following companies are subsidiares of Uber Technologies: Ando, Autocab Private Hire/Taxis, Careem, Cornershop, Drizly, Geometric Intelligence, JUMP Bikes, Mighty AI, Otto, Postmates, Rasier LLC, Routematch, Swipe Labs, Uber BV, Uber International B.V., Uber International C.V., Uber NL Holdings 1 B.V., Uber Singapore Technology Pte.Ltd., and deCarta.
Read More
How can I contact Uber Technologies?

Uber Technologies' mailing address is 1455 MARKET ST. 4TH FLOOR, SAN FRANCISCO CA, 94103. The official website for the company is www.uber.com. The ride-sharing company can be reached via phone at (415) 612-8582 or via email at investor@uber.com.

This page (NYSE:UBER) was last updated on 5/22/2023 by MarketBeat.com Staff

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