Uber Technologies, Inc. (NYSE: UBER) Receives $63.11 Average Price Target From Brokerages



Shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) received a consensus rating of “Buy” from the 30 analysts who cover the company, Marketbeat reports. One investment analyst gave the stock a hold rating and twenty-seven issued a buy rating for the company. The average 1-year price target among brokerages that have reported on the stock in the past year is $63.11.

Several research companies have recently weighed in on UBER. Wedbush lowered its price target on Uber Technologies shares from $57.00 to $48.00 and set an “outperform” rating for the company in a Monday, Feb. 14 research note. Needham & Company LLC cut its price target on Uber Technologies shares from $75.00 to $68.00 and set a “buy” rating for the company in a Friday, Feb. 11 research note. Canaccord Genuity Group cut its price target on Uber Technologies shares from $75.00 to $65.00 and set a “buy” rating for the company in a Thursday, Feb. 10 research note . Deutsche Bank Aktiengesellschaft began covering Uber Technologies shares in a research note on Friday, March 11. They set a “buy” rating and a price target of $50.00 for the company. Finally, Bank of America raised its price target on Uber Technologies shares from $53.00 to $55.00 and gave the company a “buy” rating in a Thursday, Feb. 10 research note.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in UBER. Fisher Asset Management LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $635,212,000. Norges Bank purchased a new stake in Uber Technologies stock during the fourth quarter, valued at approximately $594,489,000. Flossbach Von Storch AG increased its position in Uber Technologies shares by 312.8% during the third quarter. Flossbach Von Storch AG now owns 12,766,046 shares of the rideshare company valued at $571,919,000 after purchasing an additional 9,673,391 shares during the period. Jennison Associates LLC increased its position in Uber Technologies shares by 23.6% during the fourth quarter. Jennison Associates LLC now owns 49,538,244 shares of the rideshare company valued at $2,077,139,000 after purchasing an additional 9,449,743 shares during the period. Finally, Viking Global Investors LP purchased a new equity stake in Uber Technologies during the third quarter worth approximately $286,355,000. 72.19% of the shares are currently held by institutional investors and hedge funds.

Shares of NYSE:UBER traded down $0.06 in Thursday’s midday session, hitting $31.99. The company had a trading volume of 32,603,210 shares, compared to an average volume of 32,852,809. The company has a fifty-day moving average price of $34.09 and a 200-day moving average price of 39. $46. The company has a market capitalization of $62.54 billion, a PE ratio of -99.91 and a beta of 1.31. The company has a debt ratio of 0.61, a current ratio of 0.98 and a quick ratio of 0.98. Uber Technologies has a 1-year low of $28.28 and a 1-year high of $61.50.

Uber Technologies Company Profile (Get an evaluation)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa and Asia-Pacific. It connects consumers with independent transportation service providers for ride-sharing services; and connects passengers and other consumers at restaurants, grocery stores and other stores with delivery service providers for meal preparation, groceries and other delivery services.

Further reading

Analyst Recommendations for Uber Technologies (NYSE: UBER)



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