Uber Technologies Inc (NYSE: UBER) Stock Forecast: Bullish Signals Pointing To $100 In 2024

In the last trading session, 26.79 million shares of the Uber Technologies Inc (NYSE:UBER) were traded, and its beta was 1.37. Most recently the company’s share price was $68.98, and it changed around -$0.22 or -0.32% from the last close, which brings the market valuation of the company to $143.58B. UBER currently trades at a discount to its 52-week high of $82.14, offering almost -19.08% off that amount. The share price’s 52-week low was $29.22, which indicates that the current value has risen by an impressive 57.64% since then. We note from Uber Technologies Inc’s average daily trading volume that its 3-month average coming to 18.46 million.

Uber Technologies Inc (NYSE:UBER) trade information

Instantly UBER has showed a red trend with a performance of -0.32% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 12.04% year-to-date, but still down -6.02% over the last five days. On the other hand, Uber Technologies Inc (NYSE:UBER) is -14.04% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $67.22, which translates to bulls needing to decrease their stock price by -2.62% from its current value. Analyst projections state that UBER is forecast to be at a low of $35 and a high of $100.

Uber Technologies Inc (UBER) estimates and forecasts

Uber Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 61.47 percent over the past six months and at a 40.23% annual growth rate that is well above the industry average of 15.00%.

Uber Technologies Inc earnings are expected to increase by 43.79% in 2024, but the outlook is positive 47.00% per year for the next five years.

UBER Dividends

Uber Technologies Inc’s next quarterly earnings report is expected to be released in May.