Is Uber Technologies Inc [UBER] a good investment? Don’t be fooled by its recent momentum

The price of Uber Technologies Inc (NYSE:UBER) shares last traded on Wall Street rose 0.57% to $54.75.

Based on available information, 46 analysts follow Uber Technologies Inc (NYSE:UBER). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $45.00, we find $61.00. Given the previous closing price of $54.44, this indicates a potential upside of 12.05 percent. UBER stock price is now 17.90% away from the 50-day moving average and 34.61% away from the 200-day moving average. The market capitalization of the company currently stands at $112.67B.

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Among analysts, 1 rate the stock a hold while 40 rate it a buy. Brokers who have rated the stock have averaged $60.88 as their price target over the next twelve months.

With the price target maintained at $60, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Uber Technologies Inc (NYSE: UBER).

In other news, KHOSROWSHAHI DARA, Chief Executive Officer sold 100,000 shares of the company’s stock on Nov 14. The stock was sold for $5,284,000 at an average price of $52.84. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,016,243 shares in the company, valued at $55.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Hazelbaker Jill sold 18,850 shares of the business’s stock. A total of $999,150 was realized by selling the stock at an average price of $53.01. This leaves the insider owning 109,009 shares of the company worth $5.97 million. Insiders disposed of 744,712 shares of company stock worth roughly $40.77 million over the past 1 year. A total of 3.80% of the company’s stock is owned by insiders.

A candlestick chart of Uber Technologies Inc (NYSE: UBER) showed a price of $53.83 on Monday morning. During the past 12 months, Uber Technologies Inc has had a low of $23.90 and a high of $54.51. As of last week, the company has a debt-to-equity ratio of 1.19, a current ratio of 1.14, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $117.85B, which is based on a 110.29 price-to-earnings ratio, a 4.76 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for UBER is $46.44 and a two-hundred day moving average price translates $40.67 for the stock.

The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.12 by -0.02. This compares to -$0.61 EPS in the same period last year. The net profit margin was 2.93% and return on equity was 13.50% for UBER. The company reported revenue of $9.29 billion for the quarter, compared to $8.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.37 percent. For the current quarter, analysts expect UBER to generate $9.76B in revenue.

Uber Technologies Inc(UBER) Company Profile

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services. The Delivery segment allows to search for and discover restaurants to grocery, alcohol, convenience, and other retails; order a meal or other items; and Uber direct, a white-label Delivery-as-a-Service for retailers and restaurants, as well as advertising. The Freight segment manages transportation and logistics network, which connects shippers and carriers in digital marketplace including carriers upfronts, pricing, and shipment booking; and provides on-demand platform to automate logistics end-to-end transactions for small-and medium-sized business to global enterprises. Uber Technologies, Inc. was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. The company was founded in 2009 and is headquartered in San Francisco, California.

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