Uber Technologies (UBER) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changi ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Uber Technologies (UBER) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Uber Technologies is one of 618 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 with ...

The bullish arguments are of textbook quality, with no major downsides undermining them.Are you on the fence about owning a stake in Uber Technologies (UBER 2.99%)? It's understandable if you are. The ride-hailing business still feels like it's on wobbly footing. Uber stock isn't exactly cheap, either, particularly following its 150% run-up over the past 12 months.On balance, however, the argument for stepping into a new position in Uber is stronger than the argument against it. You'll just want to be a lit ...

Key TakeawaysUber Technologies shares jumped 4% in intraday trading Friday following a price-target increase from Jefferies, which set its new goal for the stock at $100, up from $95.Jefferies analysts wrote in a note Friday that Uber's Mobility division should continue to grow as the company introduces new ways to book trips, and the customer base for its existing services continues to rise.A Wedbush Securities survey posted Thursday also featured consumers saying they used Uber for all their rideshare nee ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Uber Technologies (UBER) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Uber currently has an average brokerage recommendation ...

Uber Technologies (UBER) ended the recent trading session at $76.98, demonstrating a +0.76% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.72%. Elsewhere, the Dow saw a downswing of 1%, while the tech-heavy Nasdaq depreciated by 0.95%.Coming into today, shares of the ride-hailing company had lost 6.03% in the past month. In that same time, the Computer and Technology sector gained 2.34%, while the S&P 500 gained 2.16%.Market participants will be ...

Uber Technologies (UBER) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this ride-hailing company have returned -5%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Services industry, which Uber falls in, has gained 7.5%. The key question now is: What could be the stock's future direction?While medi ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Uber Technologies (UBER) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Uber Technologies is one of 620 companies in the Computer an ...

EXCLUSIVE: Uber is calling on riders to urge Minnesota lawmakers to pass statewide legislation that would pave the way for the return of ride-share services in Minneapolis and neighboring communities. "Tell state lawmakers to #BringRidesBack and pass comprehensive statewide legislation that raises drivers’ earnings, protects their flexibility, and keeps ridesharing affordable," Camiel Irving, Uber's head of U.S. and Canada rides, wrote in a Wednesday email to riders about the company's plans to cease operat ...