Uber Technologies, Inc UBER Stock Price, News, Quote & History

Helfstein views the current investor concerns about Robotaxi as a buying opportunity. He believes Robotaxi could expand Uber’s market potential if Tesla (TSLA) doesn’t dominate the sector. Further, Helfstein anticipates strong Q4 results, especially in Mobility, which should drive Uber’s stock higher in the near term. However, Uber share prices don’t appear to be headed in reverse any time soon. The company is focusing on its bread and butter, investing in R&D, and has relatively few red lights on its path. From a purely numerical standpoint, the SPDR S&P 500 ETF Trust (SPY -0.01%) held the most Uber stock.

Billionaire Bill Ackman Is Buying Uber Stock. Should You?

That’s because we believe the present value of its future stream of earnings is what determines the fair value for its stock. To trade Uber stock CFDs with us, just sign up for a Capital.com account, and once you’re verified, you can use our advanced web platform or download our intuitive yet easy-to-use app. It’ll take broker finexo just a few minutes to get started and access the world’s most-traded markets. Uber Technologies (UBER) raised $8.5 billion in an initial public offering on Friday, May 10th 2019.

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Ride-hailing service provider Uber Technologies (UBER) will release its Q4 financials on February 5. Uber stock has gained over 15% over the past six months, fueled by strategic partnerships in autonomous vehicle technology, including its collaboration with Nvidia (NVDA), consistent revenue growth, and strong financial performance. However, Wall Street analysts expect the company to report earnings of $1.13 per share, representing a 24% decrease year-over-year. Founded in 2009 by Garrett Camp and Travis Kalanick, Uber is a technology platform that connects taxi seekers with drivers for hire.

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It’s impossible to say where any stock, let alone Uber, will be in five years. But remember, investing in the market over time is always better than trying to invest by timing the market. It’s one of the few stocks that doubled in value during 2023, though it underperformed the S&P 500 in 2024.

Key terms

• Uber’s stock has risen 24.5% since my last analysis, and despite a mixed Q4, it remains undervalued with significant upside potential.
• Unlike most hedge fund managers, Ackman only owns a handful of stocks, so it’s notable when he buys something.
• Helfstein views the current investor concerns about Robotaxi as a buying opportunity.
• A number of analysts are bullish on the company’s prospects, given its recent profits and continued growth.
• Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account.
• International legal challenges over driver classification also impacted Uber’s business model and cost structure, leaving investors unconvinced.

Ackman gave credit to CEO Dara Khosrowshahi, who took the helm at Uber in 2017, saying he “has done a superb job in transforming the company into a highly profitable and https://www.forex-world.net/ cash-generative growth machine.” Ahead of Q4 results, the majority of analysts remain bullish on Uber stock. Over the previous 90 days, Uber Technologies’s stock had 2 downgrades by analysts. Enter your email address below to receive the latest news and analysts’ ratings for Uber Technologies and its competitors with MarketBeat’s FREE daily newsletter.

The news got worse from there, with Uber reporting a $5 billion loss and slowest-ever revenue growth only three months later. Billionaire Bill Ackman disclosed Friday his hedge fund made a major bet on ride hailing giant Uber, helping boost shares of the San Francisco-based company to their highest level in months as part of… In Uber’s case, the company needs to keep an eye on variables like gas prices, increasing food costs slowing restaurant traffic, and legal issues, including lawsuits and increased regulatory oversight. Make sure you consider the risks and rewards before you buy Uber stock. According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Uber Technologies is $90.70, with a high forecast of $115.00 and a low forecast of $77.00. In the case of Uber, the consensus sales estimate of $11.73 billion for the current quarter points to a year-over-year change of +15.7%.

• Top institutional investors of Uber Technologies include Vanguard Group Inc. (8.58%), Capital Research Global Investors (5.61%), Geode Capital Management LLC (2.07%) and Capital World Investors (1.44%).
• Uber has faced legal action in several jurisdictions due to its classification of drivers as gig workers and independent contractors.
• The Investment Committee give you their top stocks to watch for the second half.
• Monitoring the company’s activity can help you to keep an eye out for any key fundamental or technical events that may affect short-term movements in the share value.
• Uber Technologies (UBER) raised $8.5 billion in an initial public offering on Friday, May 10th 2019.
• First, you can buy physical shares in the company through the exchange on which it’s listed.

Stock Ideas and Recommendations

Management’s claims of accelerating business momentum are not supported by key numbers, indicating a… Uber Technologies scored higher than 99% of companies evaluated by How to buy google stock MarketBeat, and ranked 16th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Meanwhile, revenues are expected to grow by 18% from the year-ago quarter to $9.94 billion, according to data from the TipRanks Forecast page. Notably, Uber missed EPS estimates only twice out of the last nine quarters. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

If you still need to open a brokerage account, these are some of the best-rated brokers and trading platforms. This step-by-step guide to buying Uber stock uses the five-star-rated platform Fidelity. According to analysts, Uber Technologies’s stock has a predicted upside of 14.36% based on their 12-month stock forecasts. Uber reported revenues of $11.96 billion in the last reported quarter, representing a year-over-year change of +20.4%. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Uber.

According to ETF.com, 282 funds held 174 million shares of Uber in late 2024. Transportation ETF (IYT 0.51%) had 1.88 million shares of its holdings in Uber stock. The 15.5% weighting of its Uber stock was the most of any fund tracked by the site. Do you want to buy all your Uber stock at once, or do you want to purchase shares periodically through dollar-cost averaging?