Fintel reports that on September 27, 2023, Needham reiterated coverage of Uber Technologies (NYSE:UBER) with a Buy recommendation.
Analyst Price Forecast Suggests 31.76% Upside
As of August 31, 2023, the average one-year price target for Uber Technologies is 58.33. The forecasts range from a low of 32.82 to a high of $71.40. The average price target represents an increase of 31.76% from its latest reported closing price of 44.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Uber Technologies is 37,554MM, an increase of 7.29%. The projected annual non-GAAP EPS is -0.23.
What is the Fund Sentiment?
There are 2057 funds or institutions reporting positions in Uber Technologies. This is an increase of 182 owner(s) or 9.71% in the last quarter. Average portfolio weight of all funds dedicated to UBER is 0.79%, an increase of 4.78%. Total shares owned by institutions increased in the last three months by 1.75% to 1,762,015K shares. 
The put/call ratio of UBER is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 90,931K shares representing 4.45% ownership of the company. In it's prior filing, the firm reported owning 83,318K shares, representing an increase of 8.37%. The firm increased its portfolio allocation in UBER by 955.83% over the last quarter.
Public Investment Fund holds 72,841K shares representing 3.56% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 59,976K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 59,123K shares, representing an increase of 1.42%. The firm increased its portfolio allocation in UBER by 27.46% over the last quarter.
Jennison Associates holds 45,132K shares representing 2.21% ownership of the company. In it's prior filing, the firm reported owning 46,082K shares, representing a decrease of 2.11%. The firm increased its portfolio allocation in UBER by 18.67% over the last quarter.
Capital World Investors holds 44,391K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 44,191K shares, representing an increase of 0.45%. The firm increased its portfolio allocation in UBER by 27.30% over the last quarter.
Uber Technologies Background Information
(This description is provided by the company.)
Uber's mission is to create opportunity through movement. The company started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, Uber is building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
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