Uber Technologies (NYSE:UBER) Research Coverage Started at JMP Securities

JMP Securities started coverage on shares of Uber Technologies (NYSE:UBER) in a research report report published on Tuesday, June 4th, BenzingaRatingsTable reports. The firm issued an outperform rating and a $54.00 price objective on the ride-sharing company’s stock.

Other research analysts have also issued research reports about the stock. Wedbush began coverage on shares of Uber Technologies in a research note on Wednesday, May 1st. They issued an outperform rating and a $65.00 target price on the stock. DA Davidson began coverage on shares of Uber Technologies in a research note on Wednesday, May 1st. They issued a neutral rating and a $53.00 target price on the stock. Deutsche Bank began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They issued a buy rating and a $58.00 target price on the stock. Oppenheimer began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They set an outperform rating and a $55.00 price objective on the stock. Finally, Needham & Company LLC began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They set a buy rating and a $52.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Uber Technologies has a consensus rating of Buy and a consensus target price of $54.28.

Shares of Uber Technologies stock traded up $1.25 during mid-day trading on Tuesday, reaching $46.38. 28,639,607 shares of the stock were exchanged, compared to its average volume of 12,220,733. Uber Technologies has a fifty-two week low of $36.08 and a fifty-two week high of $47.08. The company has a 50-day simple moving average of $42.35.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, May 30th. The ride-sharing company reported ($2.26) earnings per share for the quarter, beating the consensus estimate of ($2.39) by $0.13. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. The business’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts predict that Uber Technologies will post -5.93 EPS for the current year.

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 riders and eaters 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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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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