Uber Technologies (NYSE:UBER) Shares Up 5.1%

Shares of Uber Technologies Inc (NYSE:UBER) shot up 5.1% on Thursday . The stock traded as high as $44.35 and last traded at $44.31. 10,099,230 shares were traded during trading, a decline of 54% from the average session volume of 21,778,609 shares. The stock had previously closed at $42.17.

Several research firms have weighed in on UBER. Deutsche Bank began coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $58.00 target price on the stock. New Street Research began coverage on shares of Uber Technologies in a research report on Thursday, May 23rd. They set a “buy” rating and a $50.00 target price on the stock. CIBC began coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating and a $55.00 target price on the stock. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a “market perform” rating on the stock. Finally, BTIG Research began coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $80.00 target price on the stock. Five analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.28.

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

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About Uber Technologies (NYSE:UBER)

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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