Mizuho Boosts Uber Technologies (NYSE:UBER) Price Target to $63.00

Posted by Defense World Staff on Aug 6th, 2023

Uber Technologies (NYSE:UBER – Free Report) had its price target hoisted by Mizuho from $60.00 to $63.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. Mizuho currently has a buy rating on the ride-sharing company’s stock.

A number of other research analysts also recently commented on the company. Roth Mkm upped their price objective on Uber Technologies from $46.00 to $59.00 and gave the stock a buy rating in a research note on Tuesday, July 18th. Piper Sandler lifted their price target on Uber Technologies from $41.00 to $43.00 in a report on Tuesday, May 2nd. Wedbush increased their price objective on Uber Technologies from $46.00 to $52.00 and gave the stock an outperform rating in a report on Thursday, July 27th. TheStreet raised Uber Technologies from a d rating to a c- rating in a research note on Tuesday, May 2nd. Finally, Oppenheimer raised their price target on Uber Technologies from $55.00 to $65.00 in a report on Wednesday, June 21st. Thirty investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and an average target price of $55.03.

Uber Technologies Stock Down 1.5 %

Shares of UBER opened at $45.20 on Wednesday. The business’s fifty day moving average price is $43.57 and its 200 day moving average price is $36.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.06 and a current ratio of 1.24. Uber Technologies has a 12-month low of $22.94 and a 12-month high of $49.49.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.19. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.34 billion. During the same period in the previous year, the business posted ($1.33) EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Research analysts anticipate that Uber Technologies will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 12,501 shares of Uber Technologies stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $37.85, for a total value of $473,162.85. Following the transaction, the insider now directly owns 181,750 shares in the company, valued at $6,879,237.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 12,501 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $37.85, for a total value of $473,162.85. Following the completion of the sale, the insider now directly owns 181,750 shares of the company’s stock, valued at approximately $6,879,237.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 100,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $47.51, for a total transaction of $4,751,000.00. Following the transaction, the chief executive officer now owns 1,316,243 shares in the company, valued at approximately $62,534,704.93. The disclosure for this sale can be found here. Insiders sold 238,143 shares of company stock worth $10,798,399 over the last ninety days. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Uber Technologies in the 1st quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of Uber Technologies by 89.3% in the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Uber Technologies by 66.5% in the 2nd quarter. Raleigh Capital Management Inc. now owns 651 shares of the ride-sharing company’s stock valued at $28,000 after buying an additional 260 shares in the last quarter. Sonnipe Ltd bought a new stake in Uber Technologies in the fourth quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of Uber Technologies by 133.8% during the second quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. 73.90% of the stock is currently owned by institutional investors.

Uber Technologies Company Profile

(Get Free Report)

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.