what is uber trading at

Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Uber is rated Zacks Rank #3 (Hold). For return on investment; the 12% reality the next fiscal year, the consensus earnings estimate of $2.27 indicates a change of +115.9% from what Uber is expected to report a year ago.

Uber Technologies (UBER Quick QuoteUBER – Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. If you want to stay updated on the latest options trades for Uber Technologies, Benzinga Pro gives you real-time options trades alerts. For the first quarter, Lyft expects bookings to come in between $3.5 billion and $3.6 billion, beating Wall Street’s previous call for bookings of $3.46 billion. Rather than signaling a threat to Uber, the guidance indicates that the ride-hailing space is looking healthier than previously thought. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock’s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward.

  1. In August 2014, Uber extended its services by introducing Uber Eats, a food delivery platform.
  2. As part of a broader commercial partnership, Uber is investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement.
  3. Ryan Graves became the first Uber employee in February 2010 and was named CEO in May 2010.
  4. Besides the encouraging buyback news, there’s a good chance that Uber stock is getting a boost from Lyft’s better-than-expected fourth-quarter results and guidance.
  5. Uber’s current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.

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Dara Khosrowshahi has an approval rating of 83% among the company’s employees. Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Sign-up to receive the latest news and ratings for Uber Technologies and its competitors with MarketBeat’s FREE daily newsletter. Uber was fined a record 290 million euros (about $324 million) for failing to protect European driver data.

what is uber trading at

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Ridesharing companies like Uber have disrupted taxicab businesses and allegedly caused increased traffic congestion. Additionally, Uber has been criticized for various unethical practices, such as ignoring local regulations, some of which were revealed by the leak of the Uber Files between 2013 and 2017 under the leadership of Travis Kalanick. The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers.

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company’s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. The general mood among these heavyweight investors is divided, with 38% leaning bullish and 55% bearish. Among these notable options, 8 are puts, totaling $724,218, and 10 are calls, amounting to $453,840.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank What is a flash crash stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Top Analyst Reports for Amazon.com, Roche & GE Aerospace

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. After a thorough review of the options trading surrounding Uber Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance. Uber (UBER -2.39%) stock is posting big gains in Wednesday’s trading. The company’s share price was up 11.4% as of noon ET today, according to data from S&P Global Market Intelligence.

Strong Buy Stocks for September, 2024

Uber published a press release before the market opened this morning announcing that it would be buying back stock for the first time in its history. The announcement said that the company’s board of directors had authorized up to $7 billion in share repurchases. Uber Technologies (UBER) raised $8.5 billion in an initial public offering on Friday, May 10th 2019. The company issued 180,000,000 shares at a price of $44.00-$50.00 per share. In August 2016, DiDi acquired Uber’s business operations in China, and in exchange, Uber obtained an 18% equity stake in DiDi.

New Rank-Based ScoringMarketRankâ„¢ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. Cruise’s trouble-ridden robotaxis are joining Uber’s ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passenge… Dutch privacy regulators hit Uber with a record $324 million (€290 million) fine Monday for violating the European Union’s data protection laws by transferring sensitive personal data of its drivers t… The authorities in the Netherlands said the ride-hailing company had violated European data protection laws when it sent sensitive information to the United States. As part of a broader commercial partnership, Uber is investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. Uber Technologies Inc’s CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao , and said the platform will attract more taxi drivers for grow…

After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Uber’s move to repurchase its own stock suggests that the company’s board of directors believes shares are currently undervalued. Uber and General what is an introducing broker and forex ib program Motors-backed Cruise said on Thursday Cruise will deploy its autonomous vehicles on the ride-hailing firm’s platform.

Turo CEO Andre Haddad joins ‘Money Movers’ to discuss the company’s recent partnership with Uber, who this partnership will displace, and more. Uber is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 2,159 employees have rated Uber Technologies Chief Executive Officer Dara Khosrowshahi on Glassdoor.com.

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