Uber Technologies (NYSE:UBER) Stock Price Down 2% – Here’s What Happened

20 Mar 2026, 21:40 by Kim Johansen · The Markets Daily

Uber Technologies, Inc. (NYSE:UBER – Get Free Report)’s stock price was down 2% during trading on Friday . The company traded as low as $73.04 and last traded at $73.8610. Approximately 26,122,324 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 21,333,936 shares. The stock had previously closed at $75.34.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Positive Sentiment: Major Rivian robotaxi partnership: Uber committed to invest up to $1.25B and to buy an initial tranche of fully autonomous Rivian R2 vehicles, outlining a multi-year path to scale robotaxis — a clear long‑term growth and margin opportunity if milestones are met. Uber to invest up to $1.25 billion in Rivian as part of robotaxi deal
Positive Sentiment: Nvidia/AV momentum and media praise: Coverage and TV commentary (e.g., Jim Cramer) highlighted Uber’s expanding AV partnerships (including NVIDIA), which helped lift sentiment earlier this week. Jim Cramer Explains Why “Uber Stock Caught Fire Earlier This Week”
Positive Sentiment: Analyst support: BTIG and other firms have reiterated buy ratings or constructive outlooks, giving a near-term upside narrative for investors. BTIG Research Reaffirms “Buy” Rating for Uber Technologies (NYSE:UBER)
Neutral Sentiment: Operational pilots continue to expand (Motional, NVIDIA, others); useful proof points but still years from material revenue — these moves reduce execution risk but don’t immediately lift cash flow. Is Uber’s Mega Deal With Rivian a Game-Changer in the Robotaxi Space?
Neutral Sentiment: Company productivity signals (CTO: heavy AI tooling adoption) point to faster product cycles and potential cost leverage but are not immediate revenue drivers. Uber CTO Says 95% Of Engineers Use AI Tools Monthly As Coding Shift Accelerates
Negative Sentiment: Profit‑taking and narrative rotation: strong headlines lifted Uber earlier, but some investors rotated into Rivian (RIVN) after its stock popped — this dynamic can weigh on Uber near term. Rivian and Nio Fall 7%: The EV Dream Is Getting Harder to Sell to Investors
Negative Sentiment: Insider selling: an SVP disclosed a sale of 30,000 shares, a minor negative signal for near‑term insider conviction for some market participants. SEC filing: Insider sale by Nikki Krishnamurthy
Negative Sentiment: Regulatory/labor and safety risks: driver strikes (e.g., Lagos) and renewed AV safety scrutiny (coverage of crashes and supervision issues) raise execution and regulatory uncertainty for the AV roadmap. Uber seeks dialogue as Lagos drivers continue strike Former Uber self-driving chief crashes his Tesla on FSD
Negative Sentiment: Critical coverage on valuation/execution: some analysts and commentaries flagged that the Rivian deal contains contingencies (“up to” language) and questioned near-term value creation, which can pressure sentiment if execution slips. Uber Technologies: Full-Stack AV Evolution

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UBER shares. Needham & Company LLC restated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Tuesday, February 3rd. Guggenheim lowered their target price on shares of Uber Technologies from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Wedbush dropped their price target on shares of Uber Technologies from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Roth Mkm set a $105.00 price target on shares of Uber Technologies in a research note on Thursday, February 5th. Finally, Morgan Stanley lowered their price objective on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $105.29.

Read Our Latest Report on Uber Technologies

Uber Technologies Price Performance

The company has a market capitalization of $152.01 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 7.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $76.99 and its 200-day simple moving average is $86.06.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The business had revenue of $14.37 billion during the quarter, compared to analyst estimates of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the completion of the transaction, the senior vice president directly owned 460,756 shares of the company’s stock, valued at $34,303,284.20. The trade was a 6.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of Uber Technologies stock in a transaction on Tuesday, February 24th. The stock was bought at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the transaction, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in the company. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Uber Technologies during the third quarter worth $25,000. Kilter Group LLC acquired a new position in shares of Uber Technologies during the second quarter worth $26,000. Finally, Westend Capital Management LLC purchased a new position in Uber Technologies in the third quarter valued at $27,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

About Uber Technologies

(Get Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.