Uber

By Alyssa Lukpat Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept its final orders in March. Uber acquired Drizly as part of its foray into the delivery business after pandemic lockdowns boosted alcohol-delivery sales but the Boston-based company quickly faced challenges. Alcohol-delivery sales haven’t captured the U.S. booze market, remaining only a small portion of overall consumption. “We’ve decided to close the business and focus on our core Uber Eats strategy of helping consumers get almost anything — from food to groceries to alcohol — all on a single app,” said Pierre Dimitri Gore-Coty, Uber’s senior vice president of delivery. The Federal Trade Commission last year ordered Drizly to implement new data security measures after hackers stole information about 2.5 million customers in 2020. Drizly has said it has millions of customers but Uber Tuesday […]

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 0.54% Needham → $63 Reiterates Buy → Buy 01/12/2024 24.48% Goldman Sachs $59 → $78 Maintains Buy 01/11/2024 24.48% Goldman Sachs $59 → $78 Maintains Buy 01/09/2024 10.12% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 -1.05% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 11.71% Keybanc $61 → $70 Maintains Overweight 12/04/2023 19.69% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -1.05% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 0.54% Needham → $63 Reiterates Buy → Buy 11/30/2023 14.91% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 -1.05% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 -1.05% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 -1.05% Roth MKM $61 → $62 Maintains Buy 11/08/2023 -1.05% JP Morgan $56 → $62 Maintains

Needham analyst Bernie McTernan reiterates Uber Technologies (NYSE:UBER) with a Buy and maintains $63 price target.

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/12/2024 20.64% Goldman Sachs $59 → $78 Maintains Buy 01/11/2024 20.64% Goldman Sachs $59 → $78 Maintains Buy 01/09/2024 6.72% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 -4.11% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 8.27% Keybanc $61 → $70 Maintains Overweight 12/04/2023 16% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -4.11% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 -2.56% Needham → $63 Reiterates Buy → Buy 11/30/2023 11.36% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 -4.11% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 -4.11% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 -4.11% Roth MKM $61 → $62 Maintains Buy 11/08/2023 -4.11% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 -10.29% Truist Securities $60 → $58 Maintains

Goldman Sachs analyst Eric Sheridan maintains Uber Technologies (NYSE:UBER) with a Buy and raises the price target from $59 to $78.

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/11/2024 25.2% Goldman Sachs $59 → $78 Maintains Buy 01/09/2024 10.75% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 -0.48% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 12.36% Keybanc $61 → $70 Maintains Overweight 12/04/2023 20.39% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -0.48% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 1.12% Needham → $63 Reiterates Buy → Buy 11/30/2023 15.57% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 -0.48% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 -0.48% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 -0.48% Roth MKM $61 → $62 Maintains Buy 11/08/2023 -0.48% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 -6.9% Truist Securities $60 → $58 Maintains Buy 11/08/2023 2.73% Wells Fargo $59 → $64 Maintains

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 17.75% BMO Capital → $69 Initiates Coverage On → Outperform 12/29/2023 5.8% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 19.45% Keybanc $61 → $70 Maintains Overweight 12/04/2023 27.99% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 5.8% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 7.51% Needham → $63 Reiterates Buy → Buy 11/30/2023 22.87% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 5.8% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 5.8% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 5.8% Roth MKM $61 → $62 Maintains Buy 11/08/2023 5.8% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 -1.02% Truist Securities $60 → $58 Maintains Buy 11/08/2023 9.22% Wells Fargo $59 → $64 Maintains Overweight 11/08/2023 4.1% Keybanc $60 → $61 Maintains Overweight

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/29/2023 -1.01% Nomura $59 → $62 Downgrades Buy → Neutral 12/19/2023 11.77% Keybanc $61 → $70 Maintains Overweight 12/04/2023 19.75% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 -1.01% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 0.59% Needham → $63 Reiterates Buy → Buy 11/30/2023 14.96% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 -1.01% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 -1.01% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 -1.01% Roth MKM $61 → $62 Maintains Buy 11/08/2023 -1.01% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 -7.39% Truist Securities $60 → $58 Maintains Buy 11/08/2023 2.19% Wells Fargo $59 → $64 Maintains Overweight 11/08/2023 -2.6% Keybanc $60 → $61 Maintains Overweight 11/03/2023 -4.2% Keybanc → $60 Upgrades Sector Weight → Overweight 10/24/2023

By Emily Dattilo Shares of ride-hailing companies Lyft and Uber Technologies were trading lower after one analyst team weighed in skeptically about the outlook for the businesses. Nomura analysts Anindya Das and Masataka Kunugimoto downgraded Lyft to Reduce from Neutral but revised their estimates for earnings and revenue and raised their target for the stock price to $13 from $11.70 on Friday. They cut their rating on Uber to Neutral from Buy and raised their price target to $62 from $59 in a separate report. Lyft stock was down 3.4% to $15.01 in premarket trading, while Uber shares dropped 1.5% to $62.20. Futures on the S&P 500 were flat. The analysts said they “see limited room” for Lyft to continue raising take-rates — the portion of a fare it receives as commission — because drivers’ operating expenses are rising faster than their earnings. Separately, they also aren’t seeing opportunities for

Uber Technologies, Inc. (NYSE:UBER) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 13.54% Keybanc $61 → $70 Maintains Overweight 12/04/2023 21.65% Oppenheimer $65 → $75 Maintains Outperform 12/01/2023 0.57% JMP Securities → $62 Reiterates Market Outperform → Market Outperform 11/30/2023 2.19% Needham → $63 Reiterates Buy → Buy 11/30/2023 16.79% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 0.57% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 0.57% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 0.57% Roth MKM $61 → $62 Maintains Buy 11/08/2023 0.57% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 -5.92% Truist Securities $60 → $58 Maintains Buy 11/08/2023 3.81% Wells Fargo $59 → $64 Maintains Overweight 11/08/2023 -1.05% Keybanc $60 → $61 Maintains Overweight 11/03/2023 -2.68% Keybanc → $60 Upgrades Sector Weight → Overweight 10/24/2023 -17.27% Seaport Global → $51 Initiates Coverage On → Buy

Keybanc analyst Justin Patterson maintains Uber Technologies (NYSE:UBER) with a Overweight and raises the price target from $61 to $70.

Uber Technologies, Inc. (NYSE:UBER) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 11/30/2023 27.59% Tigress Financial $66 → $72 Maintains Buy 11/13/2023 9.87% JMP Securities $57 → $62 Maintains Market Outperform 11/08/2023 9.87% Morgan Stanley $60 → $62 Maintains Overweight 11/08/2023 9.87% Roth MKM $61 → $62 Maintains Buy 11/08/2023 9.87% JP Morgan $56 → $62 Maintains Overweight 11/08/2023 2.78% Truist Securities $60 → $58 Maintains Buy 11/08/2023 13.41% Wells Fargo $59 → $64 Maintains Overweight 11/08/2023 8.1% Keybanc $60 → $61 Maintains Overweight 11/03/2023 6.33% Keybanc → $60 Upgrades Sector Weight → Overweight 10/24/2023 -9.62% Seaport Global → $51 Initiates Coverage On → Buy 09/27/2023 6.33% Needham → $60 Reiterates Buy → Buy 09/05/2023 2.78% RBC Capital → $58 Reiterates Outperform → Outperform 08/17/2023 4.55% Wells Fargo $53 → $59 Maintains Overweight 08/14/2023 2.78% Loop Capital $48 → $58 Maintains Buy 08/02/2023