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 $26.45, up 0.19% from the previous day, and has decreased 31.85% in one year. It has overperformed other stocks in the Software - Application industry by 0.15 percentage points. Uber stock is currently +32.95% from its 52-week low of $19.90, and -42.37% from its 52-week high of $45.90.
At the moment, there are 1.99B shares of UBER outstanding. The market value of UBER is $52.75B. In the past 24 hours, 14.9M UBER shares were traded.
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Analysts use many financial metrics, analyses, models, and charts to gauge UBER's true value.
Using relative valuations measures:
You can access additional valuation analysis on UBER's stock here.
Out of 26 Equities analysts who give recommendations on UBER, the consensus analyst rating on UBER is a Strong Buy
Bernie McTernan, a bottom 1% analyst from Needham maintains UBER with a buy rating and raises their UBER price target from $52.00 to $54.00, on Nov 2, 2022.
McTernan raised his price target on Uber Technologies, Inc. by 3.8% following the release of the company's Q3 2022 earnings report on 2022/11/01.
The reason Uber is our top pick right now in the Internet/Consumer Tech space is the company's focus on profitable growth, the analyst said.
Q3's print was a great example of that, McTernan continued, noting that "in spite of the miss on bookings, Uber beat on EBITDA."
On the strength of these results, "we think there is a long way to go for Uber and that it is increasingly likely the company will hit its FY 2024 targets of $5B of EBITDA," the analyst added, looking ahead. "You put 20x to 25x on that [EBITDA target of $5B], the stock should be in the $50s."
Operationally, McTernan noted that management was upbeat on driver availability and on the basis of his firm's data (increasing demand and declining prices), the analyst said he agreed.
"Recessionary fears could actually help the company's driver-supply issue," the analyst detailed.
For Q3 2022, Uber reported:
For Q4 2022, management guided:
CEO Dara Khosrowshahi commented: "Even as the macroeconomic environment remains uncertain, Uber’s core business is stronger than ever."
CFO Nelson Chai added: "Strong demand for our offerings, better marketplace efficiency, and our asset-light platform helped to deliver Adjusted EBITDA well above our guidance, even as foreign exchange and inflationary headwinds impact all global businesses.
“We remain focused on excellent execution and disciplined cost management to deliver on our growth and profitability commitments for the coming years.”
Youssef Squali, a top 27% analyst from Truist Securities maintains UBER with a strong buy rating and lowers their UBER price target from $67.00 to $60.00, on Oct 24, 2022.
John Blackledge, a bottom 2% analyst from Cowen & Co. maintains UBER with a buy rating and lowers their UBER price target from $76.00 to $70.00, on Oct 24, 2022.
Brian Nowak, a bottom 2% analyst from Morgan Stanley maintains UBER with a strong buy rating and lowers their UBER price target from $70.00 to $54.00, on Oct 3, 2022.
James Lee, a top 15% analyst from Mizuho maintains UBER with a strong buy rating and lowers their UBER price target from $58.00 to $46.00, on Aug 3, 2022.
You can dig deeper into what analysts are projecting on the Uber stock forecast page.
Last year, UBER revenue was $29.05B. In the past three year, UBER's revenue has grown by 111.28% per year. This was faster than the Software - Application industry average of 33.53%.
Learn more about UBER's earnings and revenue performance here.
In the past 12 months, insiders 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 $1,051.40 worth of UBER stock on Nov 16, 2022.
Learn more about who owns UBER stock here.
No, Uber doesn't provide an income stream by paying out dividends.
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