Uber Technologies (NYSE:UBER) Stock Price Down 2.9% After Analyst Downgrade

Uber Technologies, Inc. (NYSE:UBER) traded down 2.9% on Tuesday after KeyCorp lowered their price target on the stock from $110.00 to $105.00. KeyCorp currently has an overweight rating on the stock. Uber Technologies traded as low as $71.24 and last traded at $72.1220. 18,505,499 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 19,473,803 shares. The stock had previously closed at $74.26.

Several other research analysts have also recently commented on UBER. US Capital Advisors set a $95.00 price target on Uber Technologies in a research report on Monday, May 11th. Piper Sandler boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, April 28th. Macquarie Infrastructure raised Uber Technologies to an “outperform” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.18.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: BTIG Research reaffirmed its buy rating on Uber and set a $100 price target, while other commentary highlighted upside tied to AI, autonomous vehicles, and broader platform growth. BTIG Research coverage
• Positive Sentiment: Analysts and media reports pointed to Uber’s improving economics, including rising operating income and strong gross bookings, reinforcing the view that the company is entering a more profitable phase. Uber’s $150 Billion Platform Is Entering a New Phase of Profitability
• Neutral Sentiment: Uber’s chief product officer discussed the company’s expansion beyond ride-hailing into hotels, travel planning, shopping, and AI-powered services, underscoring a broader growth strategy but without a near-term financial update. TechCrunch podcast
• Neutral Sentiment: Uber also announced the date for its second-quarter 2026 earnings call, which gives investors a near-term catalyst to watch but does not change fundamentals yet. Uber Announces Date of Second Quarter 2026 Results Conference Call
• Negative Sentiment: Multiple reports said Uber is in advanced talks to acquire Delivery Hero in a deal valued around €10 billion, a move that could expand Uber’s international delivery reach but raised concerns about acquisition costs and execution risk, contributing to stock weakness. Reuters report on Delivery Hero takeover talks

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tema ETFs LLC lifted its position in shares of Uber Technologies by 10.8% in the second quarter. Tema ETFs LLC now owns 41,799 shares of the ride-sharing company’s stock valued at $3,016,000 after buying an additional 4,060 shares during the last quarter. Canvas Wealth Advisors LLC boosted its stake in shares of Uber Technologies by 19.5% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 239,173 shares of the ride-sharing company’s stock worth $17,259,000 after acquiring an additional 39,082 shares during the period. Lederer & Associates Investment Counsel CA increased its holdings in shares of Uber Technologies by 14.7% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 19,730 shares of the ride-sharing company’s stock worth $1,424,000 after acquiring an additional 2,536 shares during the last quarter. Doliver Advisors LP increased its holdings in shares of Uber Technologies by 11.2% during the 2nd quarter. Doliver Advisors LP now owns 24,634 shares of the ride-sharing company’s stock worth $1,778,000 after acquiring an additional 2,485 shares during the last quarter. Finally, E. Ohman J or Asset Management AB raised its stake in Uber Technologies by 9.4% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 383,520 shares of the ride-sharing company’s stock valued at $27,675,000 after acquiring an additional 32,970 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.9%

The business has a 50 day moving average of $72.98 and a two-hundred day moving average of $75.33. The firm has a market cap of $146.81 billion, a P/E ratio of 17.99, a PEG ratio of 6.33 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Analysts predict that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.