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 $76.99, down 1.43% from the previous day, and has increased 156.04% in one year. It has overperformed other stocks in the Software - Application industry by 1.18 percentage points. Uber stock is currently +163.48% from its 52-week low of $29.22, and -6.27% from its 52-week high of $82.14.
At the moment, there are 2.08B shares of UBER outstanding. The market value of UBER is $159.87B. In the past 24 hours, 13.38M 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.
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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
$76.99
1w %
-4.06%
1y %
156.04%
5y %
N/A
P/E
82.78x
P/B
14.21x
P/S
4.2x
PEG
1.97x
Revenue
$37.28B
Earnings
$1.89B
Fore. Rev. Growth
16.15%
Fore. Earn. Growth
42.13%
Market Cap
$159.87B
Next Earnings
Apr 30, 2024
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 $3.59B allows it to safely service it's debt of $11.20B.
Total UBER debt is lower than 5 years ago, relative to shareholder equity.
UBER profit margin has gone up from -28.7% to 5.1% 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 $2.73B is not sufficient to cover its interest payments.
UBER has a relatively high debt to equity ratio of 2.31.
Do analysts think it's a good time to buy Uber stock
Out of 24 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 raises their UBER price target from $94.00 to $96.00, on Feb 15, 2024.
UBS's Lloyd Walmsley raised their price target on Uber (NYSE: UBER) by 2.1% from $94 to $96 on 2024/02/15. The analyst maintained their Strong Buy rating on the stock.
Walmsley's price target hike followed an assessment of Uber's 2024/02/14-dated 2024 Investor Day.
The analyst believes that Uber can maintain mobility growth in the mid to high teens over the medium to long term by "enhancing its services, increasing coverage, and rolling out new services like Uber Teens, Shared rides, and two/three wheelers."
Earnings Report
Uber Technologies reported:
For Q4 2023:
EPS of $0.66, which beat the Zacks Consensus Estimate of $0.15 and, by 127.6%, Q4 2022’s $0.29.
Revenue of $9.94B, which beat the Zacks Consensus Estimate of $9.75B and, by 15.4%, Q4 2022’s $8.61B.
Gross bookings of $37.58B.
Adjusted EBITDA of $1.28B.
For FY 2023:
EPS of $0.87, which beat FY 2022’s ($4.65) by 118.7%.
Revenue of $37.28B, which beat FY 2022’s $31.88B by 16.9%.
Gross bookings of $137.87B.
Adjusted EBITDA of $4.05B.
For Q1 2024, management guided:
Gross bookings of $37B to $38.5B.
Adjusted EBITDA of $1.26B to $1.34B.
CEO Dara Khosrowshahi commented: “2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale.
“Our audiences are larger and more engaged than ever, with our platform powering an average of nearly 26M daily trips last year.”
Brad Erickson, a top 5% analyst from RBC Capital reiterates UBER with a buy rating and maintains their UBER price target from $85.00 to $85.00, on Feb 15, 2024.
Doug Anmuth, a top 1% analyst from JP Morgan maintains UBER with a strong buy rating and raises their UBER price target from $84.00 to $95.00, on Feb 15, 2024.
Brian Pitz, a top 26% analyst from BMO Capital maintains UBER with a buy rating and raises their UBER price target from $82.00 to $92.00, on Feb 15, 2024.
Bernie McTernan, a bottom 7% analyst from Needham reiterates UBER with a buy rating and maintains their UBER price target from $90.00 to $90.00, on Feb 15, 2024.
You can dig deeper into what analysts are forecasting on the Uber stock forecast page.
UBER Technicals
SMA10
78.04
SMA20
78.51
SMA50
74.23
SMA100
66.15
SMA200
55.55
MACD
0.94
MACD Signal
1.38
MACD Histogram
-0.44
RSI
49.48
Stochastic %K
49.52
Stochastic %D
57.93
StochRSI %K
22.91
StochRSI %D
43.86
Is UBER Growing Revenue?
Last year, UBER revenue was $37.28B. During the past 5 year, UBER's revenue has grown by 29.01% per year. This was faster than the Software - Application industry average of 27.52%.
In the past 12 months, executives and large shareholders at UBER have sold more shares than they have bought.
Glen Ceremony, Chief Accounting Officer and Global Corporate Controller of UBER, was the latest UBER insider to sell. They sold $21,908.16 worth of UBER shares on Mar 16, 2024.
No, Uber doesn't provide an income stream by paying out dividends.
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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 Mar 28, 2024, it costs $76.99 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 0.13 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.