Media headlines about Uber Technologies (NYSE:UBER) have trended negative recently, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Uber Technologies earned a news impact score of -2.84 on their scale. InfoTrie also assigned press coverage about the ride-sharing company an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Uber Technologies’ score:
- Self-driving Uber in 2018 crash wasn’t designed to see jaywalkers (dailyherald.com)
- Public Market Rituals Spell Pain for Uber and Beyond Meat Stocks (msn.com)
- The Dow Transports Rally, Uber’s Round Trip, A Warning on Amazon.com and Netflix (finance.yahoo.com)
- Expert finds Uber using Waymo tech (seekingalpha.com)
- Uber Faces Yet Another Scandal After Disastrous Q3, Stock Plummets (observer.com)
A number of brokerages recently weighed in on UBER. Guggenheim started coverage on Uber Technologies in a report on Thursday, October 24th. They set a “buy” rating and a $40.00 price objective on the stock. Bank of America set a $53.00 price target on Uber Technologies and gave the stock a “buy” rating in a research note on Thursday, October 10th. Morgan Stanley lifted their price target on Uber Technologies from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday. ValuEngine raised Uber Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada lifted their price target on Uber Technologies from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.75.
Uber Technologies (NYSE:UBER) last posted its earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.83) by $0.15. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Uber Technologies’s revenue was up 29.5% compared to the same quarter last year. Research analysts forecast that Uber Technologies will post -7.18 EPS for the current fiscal year.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users 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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