Uber Technologies (NYSE:UBER) Given "Buy" Rating at Needham & Company LLC
Uber Technologies (NYSE:UBER)'s stock had its "buy" rating restated by stock analysts at Needham & Company LLC in a note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $50.00 target price on the ride-sharing company's stock. Needham & Company LLC's target price suggests a potential upside of 51.14% from the stock's current price.
A number of other research firms also recently issued reports on UBER. SunTrust Banks set a $56.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, August 9th. MKM Partners assumed coverage on shares of Uber Technologies in a report on Wednesday, October 2nd. They issued a "neutral" rating and a $32.00 price objective on the stock. Wedbush reissued a "buy" rating and issued a $58.00 price objective on shares of Uber Technologies in a report on Friday, August 9th. Bank of America set a $53.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Argus assumed coverage on shares of Uber Technologies in a report on Thursday, September 12th. They issued a "hold" rating on the stock. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. Uber Technologies currently has an average rating of "Buy" and an average price target of $52.08.
Shares of NYSE UBER traded up $1.67 during trading on Tuesday, reaching $33.08. 14,842,377 shares of the company traded hands, compared to its average volume of 8,505,496. The firm's 50 day moving average price is $31.61. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.36. Uber Technologies has a 52-week low of $28.31 and a 52-week high of $47.08.
Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.33) by ($1.39). The firm had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.39 billion. The firm's revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.01) earnings per share. As a group, equities research analysts anticipate that Uber Technologies will post -7.08 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in Uber Technologies by 68.9% during the third quarter. Signaturefd LLC now owns 1,118 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 456 shares in the last quarter. Lake Street Financial LLC lifted its holdings in Uber Technologies by 7.1% during the third quarter. Lake Street Financial LLC now owns 7,925 shares of the ride-sharing company's stock valued at $241,000 after purchasing an additional 525 shares in the last quarter. Legacy Advisors LLC purchased a new position in Uber Technologies during the second quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in Uber Technologies during the second quarter valued at approximately $28,000. Finally, Avestar Capital LLC purchased a new position in Uber Technologies during the second quarter valued at approximately $27,000. 45.35% of the stock is currently owned by institutional investors and hedge funds.Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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Needham analyst Brad Erickson maintained a Buy rating on Uber Technologies Inc () today and set a price target of $50.00. The company's shares closed last Monday at $33.29. According to TipRanks.com, Erickson is ranked #4399
Shares of Agilent Technologies Inc (NYSE:A) have earned a consensus rating of "Buy" from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold
Stock analysts at Wells Fargo, assumed coverage of shares of Uber Technologies, Inc. (NYSE:UBER) with Market Perform recommendation, according to their opinion released on September 27. HSBC Securities analysts bumped their recommendation on UBER stock
Analysts on the sell-side are offering a consensus "Buy" rating on shares of Uber Technologies, Inc. (:UBER). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong
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