Uber Technologies, Inc. develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
Uber stock last closed at $65.67, down 0.58% from the previous day, and has increased 73.55% in one year. It has overperformed other stocks in the Software - Application industry by 0.4 percentage points. Uber stock is currently +77.15% from its 52-week low of $37.07, and -20.05% from its 52-week high of $82.14.
At the moment, there are 2.09B shares of UBER outstanding. The market value of UBER is $137.22B. In the past 24 hours, 15.46M UBER shares were traded.
How to Buy Uber Stock
Wondering how to invest in Uber stock? Here's how.
Choose where to buy Uber stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Uber stock.
Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
Deposit money your brokerage account: Choose your method of payment and add your info.
Evaluate Uber stock: The Uber ticker symbol is UBER. Is Uber stock a good investment? Should you buy shares of UBER? How do UBER's underlying business fundamentals look? Do top analysts think Uber is a good buy? Why has UBER's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if UBER is a good stock to buy).
Make your UBER purchase: Decide if you will purchase UBER shares at the current market price or use a limit order to purchase UBER stock at a specific price.
Track your UBER position: Create a watchlist to keep track of your position in Uber stock.
Step 1: Choose where to buy Uber stock
You need an online brokerage account to access the NYSE market and buy UBER shares.
A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
Invest in stocks with 0% commissions: Invest without commissions.
Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
Access to world financial markets: From Tech to Utilities, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading exchanges.
Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
Security: eToro is a regulated and licensed fintech leader.
Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro today.
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Step 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal info so you can invest in UBER today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Evaluate Uber stock
After you have figured out the best place to buy Uber stock, it's crucial to evaluate their stock before you buy, so you actually wrap your head around the risk as well as the opportunity.
Uber stock quick numbers
UBER Price
$65.67
1w %
-1.97%
1y %
73.55%
5y %
56.69%
P/E
95.17x
P/B
12.41x
P/S
3.54x
PEG
1.67x
Revenue
$38.59B
Earnings
$1.39B
Fore. Rev. Growth
14.85%
Fore. Earn. Growth
57%
Market Cap
$137.22B
Next Earnings
N/A
Next Dividend
N/A
UBER Overview
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis.
There are more short-term assets than short-term liabilities on the UBER balance sheet.
UBER's operating cash flow of $4.40B allows it to safely service it's debt of $11.16B.
Total UBER debt is lower than 5 years ago, relative to shareholder equity.
UBER profit margin has gone up from -10% to 3.6% in the past year.
Signs that UBER is not financially healthy:
There are more long-term liabilities than short-term assets on the UBER balance sheet.
UBER earnings of $2.17B is not sufficient to cover its interest payments.
UBER has a relatively high debt to equity ratio of 2.45.
Do analysts think it's a good time to buy Uber stock
Out of 28 Wall Street analysts who track UBER, the consensus analyst rating on Uber is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest UBER Analyst Forecasts
Lloyd Walmsley, a top 1% analyst from UBS maintains UBER with a strong buy rating and lowers their UBER price target from $100.00 to $95.00, on May 9, 2024.
Ronald Josey, a top 5% analyst from Citigroup maintains UBER with a strong buy rating and raises their UBER price target from $91.00 to $93.00, on May 9, 2024.
Citigroup's Ronald Josey raised their price target on Uber (NYSE: UBER) by 2.2% from $91 to $93 on 2024/05/09. The analyst maintained their Strong Buy rating on the stock.
Uber reported its Q1 2024 earnings on 2024/05/08.
Josey called the quarter's results "relatively in line with estimates with booking growth driven primarily by Audience and increasing Frequency."
The analyst told readers that "Uber remains one of Citigroup's top picks because its Mobility and Delivery marketplaces continue to scale profitability."
Earnings Report
For Q1 2024, Uber reported:
Loss per share of $0.32, which missed the Zacks Consensus Estimate of $0.21 and, by 300%, Q1 2023's $0.08.
Revenue of $10.13B, which beat the Zacks Consensus Estimate of $10.08B and, by 14.9%, Q1 2023's $8.82B.
Gross bookings of $37.65B, up 20% Y/Y.
Adjusted EBITDA of $1.38B, up 82% Y/Y.
For Q2 2024, management guided:
Gross bookings of $38.75B to $40.25B, representing 18% to 23% Y/Y growth.
Adjusted EBITDA of $1.45 B to $1.53B, representing 58% to 67% Y/Y growth.
CEO Dara Khosrowshahi commented: "Our results this quarter once again demonstrate our ability to deliver consistent, profitable growth at scale.
“More than 7M people now choose to earn flexibly on Uber every month, with driver earnings of $16.6B continuing to grow faster than our topline.”
CFO Prashanth Mahendra-Rajah added: “Our multi-year growth framework is on track, with audience up 15% and frequency up 6% in Q1.
“We reached a new quarterly record for Adjusted EBITDA, which grew 82% YoY, and we generated free cash flow of $4.2B over the trailing twelve months.”
Brad Erickson, a top 5% analyst from RBC Capital maintains UBER with a buy rating and lowers their UBER price target from $85.00 to $80.00, on May 9, 2024.
Ken Gawrelski, a top 12% analyst from Wells Fargo maintains UBER with a strong buy rating and lowers their UBER price target from $95.00 to $89.00, on May 9, 2024.
John Blackledge, a bottom 5% analyst from TD Cowen maintains UBER with a strong buy rating and lowers their UBER price target from $90.00 to $88.00, on May 9, 2024.
You can dig deeper into what analysts are forecasting on the Uber stock forecast page.
UBER Technicals
SMA10
67.29
SMA20
67.99
SMA50
72.97
SMA100
71.07
SMA200
60.12
MACD
-1.91
MACD Signal
-1.88
MACD Histogram
-0.03
RSI
38.39
Stochastic %K
22.82
Stochastic %D
22.01
StochRSI %K
50.92
StochRSI %D
47.39
Is UBER Growing Revenue?
Last year, UBER revenue was $38.59B. During the past 5 year, UBER's revenue has grown by 28.65% per year. This was slower than the Software - Application industry average of 29.59%.
In the past 12 months, executives and large shareholders at UBER have sold more shares than they have bought.
Tony West, Chief Legal Officer and Corporate Secretary of UBER, was the latest UBER insider to sell. They sold $26,796.00 worth of UBER shares on May 13, 2024.
No, Uber doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your UBER purchase
There are two primary types of orders:
Market order: A market order is an order to buy or sell a stock at the best possible price. Market orders are generally the easiest way to buy.
Limit order: A limit order enables you to buy or sell a security at a specific price (or better). If you want to be sure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need more help with buying stocks on eToro, click the how to video below:
As of May 17, 2024, it costs $65.67 to buy one share of Uber stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.152 shares of UBER.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.