If you still need to open a brokerage account, these are some of the best-rated brokers and trading platforms. This step-by-step guide to buying Uber stock uses the five-star-rated platform Fidelity. According to analysts, Uber Technologies’s stock has a predicted upside of 14.36% based on their 12-month stock forecasts. Uber reported revenues of $11.96 billion in the last reported quarter, representing a year-over-year change of +20.4%. You are being directed to ZacksTrade, a division of fxcm review LBMZ Securities and licensed broker-dealer.
- Uber was founded in 2009 by Oscar Salazar Gaitan, Travis Kalanick and Garrett Camp and was initially named Ubercab Inc.
- However, Uber Eats saw an uptick as demand increased for food deliveries.
- Uber stock has gained over 15% over the past six months, fueled by strategic partnerships in autonomous vehicle technology, including its collaboration with Nvidia (NVDA), consistent revenue growth, and strong financial performance.
- It’s impossible to say where any stock, let alone Uber, will be in five years.
- In the 2023 fiscal year, the company’s revenue amounted to some $37.2bn.
- While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues.
Price to Earnings Ratio vs. the Market
The stock jumped 6.6% on Friday after he made the announcement, and as of the close of trading that day, Pershing Square’s stake was worth roughly $2.26 billion. Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you. Similarly, analyst Justin Post of Bank of America Securities has kept a Buy rating on Uber’s stock.
The $50.69 billion and $58.54 billion estimates for the current and next fiscal years indicate changes of +15.3% and +15.5%, respectively. While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. For the current fiscal year, the consensus earnings estimate of $2.46 points to https://www.forex-reviews.org/ a change of -46.1% from the prior year.
Uber Technologies Bull Case
- Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report.
- However, Uber has partnered with companies like Waymo, Volvo, and Nuro to integrate autonomous vehicles into its network as they become available.
- Uber’s current CEO is Dara Khosrowshahi, who replaced co-founder Travis Kalanick of Uber in August 2017.
- Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a position in the ride sharing platform.
- Learn all about Uber, with information on the company’s history and share price journey, its share trading hours, and how to trade Uber share CFDs with Capital.com.
It also unveiled a carpooling feature in the San Francisco Bay Area, which soon spread to other cities globally, enabling passengers to share rides and save on fares. Although relatively new to the brand-name-as-a-generic concept, ridesharing company Uber has already disrupted the transportation and food delivery markets since its founding in 2009 and continues to expand. This article will explore the ins and outs of Uber — its history, performance, and, of course, how to invest in its stock. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.30% per year.
Post lockdowns, the stock recovered amid cost-cutting measures including layoffs and offloading of its autonomous vehicle division. As ride sharing began to recover and vaccinations increased at the start of 2021, the share price increased in line with other tech How to become a forex trader stocks. However, 2022 was tumultuous as the company faced challenges such as rising interest rates, inflationary pressures and a hike in operating costs. International legal challenges over driver classification also impacted Uber’s business model and cost structure, leaving investors unconvinced.
Will Uber stock split?
If you choose to trade CFDs, you can follow the Uber stock performance live in USD with the comprehensive Uber share price chart. However, Uber has partnered with companies like Waymo, Volvo, and Nuro to integrate autonomous vehicles into its network as they become available. Gross bookings grew 18% in 2024 to $162.8 billion, driving a similar increase in revenue to $44 billion. GAAP (generally accepted accounting principles) operating income more than doubled to $2.8 billion, and it reported nearly $7 billion in free cash flow. In contrast to the situation just a few years ago, the numbers across the board indicate a healthy, growing business.
Options Traders Anticipate a Large Move
Management’s claims of accelerating business momentum are not supported by key numbers, indicating a… Uber Technologies scored higher than 99% of companies evaluated by MarketBeat, and ranked 16th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Meanwhile, revenues are expected to grow by 18% from the year-ago quarter to $9.94 billion, according to data from the TipRanks Forecast page. Notably, Uber missed EPS estimates only twice out of the last nine quarters. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
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Despite its relatively bright outlook, Uber is subject to the same laws of gravity that govern all stocks, if not more so. As the energy, transportation, and food and beverage sectors go, so goes Uber. Although a slump in one sector isn’t fatal, a broader economic downturn or recovery that turns anemic could lead to a bumpy road for the ridesharing leader. Get step-by-step guidance on how to invest in Tesla stock and learn the ins and outs of this electric vehicle company. Uber is expected to post earnings of $0.50 per share for the current quarter, representing a year-over-year change of +256.3%. Here at Zacks, we prioritize appraising the change in the projection of a company’s future earnings over anything else.
800-Flowers.com Teams Up With Uber Direct in Time to Meet Surging Valentine’s Day Demand
Uber Technologies Inc. is a San Francisco-based company providing mobility, food and package delivery services and freight transport. The company sets fares based on local supply and demand at the time of booking and receives a commission from each booking. The company has 131 million monthly active users and 5.4 million active drivers and couriers worldwide.