Is Uber a good buy or not?

Based on analyst ratings, Uber Technologies's 12-month average price target is $59.13. Uber Technologies has 24.25% upside potential, based on the analysts' average price target. Uber Technologies has a conensus rating of Strong Buy which is based on 32 buy ratings, 1 hold ratings and 0 sell ratings.



People Also Ask

UBER Stock 12 Months Forecast Based on 26 Wall Street analysts offering 12 month price targets for Uber Technologies in the last 3 months. The average price target is $61.04 with a high forecast of $75.00 and a low forecast of $51.00. The average price target represents a 23.31% change from the last price of $49.50.

MORE DETAILS

Uber's take rate and margins are rising Those rising take rates, along with its recent cost-cutting measures, including thousands of layoffs since its IPO, are boosting Uber's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and operating margins.

MORE DETAILS

The valuation is compelling The company's current market cap is $95 billion, implying it needs to 10x from here to reach a trillion. Nonetheless, Wall Street seems to be buying into Uber's investment thesis. JPMorgan, in particular, recently listed Uber as one of its top picks.

MORE DETAILS

Terms may apply to offers listed on this page. On average, Uber paid its drivers more per hour than Lyft in 2022, according to Gridwise. Uber drivers had gross earnings of $21.14 per hour in 2022, while Lyft drivers were grossing $19.90. Uber offers its top-tier drivers more competitive perks than Lyft.

MORE DETAILS

Uber stock price stood at $46.51 According to the latest long-term forecast, Uber price will hit $55 by the end of 2023 and then $60 by the middle of 2024. Uber will rise to $75 within the year of 2025, $90 in 2026, $100 in 2027, $110 in 2028, $125 in 2030 and $150 in 2034.

MORE DETAILS

Uber shares have skyrocketed in 2023. This good news wasn't enough to push shares higher, though, as Uber's sales missed expectations. Regardless, the stock is up 86% in 2023 (as of Aug. 3), handily beating the Nasdaq Composite Index.

MORE DETAILS

Finally, a profit In Q2 2023, Uber's revenue totaled $9.23 billion, up 14% from $8.1 billion a year earlier. As we mentioned above, Uber finally turned an operating profit, reporting $326 million in Q2 compared to an operating loss of $713 million a year earlier.

MORE DETAILS

While Uber stock has performed well for investors thus far in 2023, there are good reasons the market has sent its share price higher. Even today, the stock sits well below its all-time high despite a much clearer outlook for future profits than just a couple of years ago.

MORE DETAILS

According to the latest long-term forecast, Uber price will hit $50 by the end of 2023 and then $55 by the middle of 2024. Uber will rise to $65 within the year of 2025, $80 in 2026, $90 in 2027, $100 in 2028, $110 in 2030 and $125 in 2033.

MORE DETAILS

The top shareholders of Uber are Dara Khosrowshahi, Tony West, Nelson J. Chai, SB Investment Advisers (UK) Ltd., Morgan Stanley, and FMR LLC. Below, we take a closer look at the top shareholders of Uber.

MORE DETAILS

Lyft has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 5 buy ratings, 27 hold ratings, and 1 sell rating.

MORE DETAILS

Does Uber pay dividends on its stock? We do not currently pay dividends on our stock.

MORE DETAILS

Can I pay for Uber with cash? Yes, you can pay with cash. Before requesting a ride, go to the Payment section in the app and select Cash. At the end of your trip, pay cash directly to your driver.

MORE DETAILS

You can tip your driver once your trip is complete. Tips are neither expected nor required. After a trip has ended, you have 30 days to add a tip in the app, on riders.uber.com, and from your emailed trip receipt. When can I tip my delivery partner?

MORE DETAILS

Generally, drivers keep 75% of the fare price for any given ride and Uber takes 25% of the fare.

MORE DETAILS