UBER stock: buy or sell

UBER stock price: $60.74 2.55% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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UBER stock brief

  • Uber stock exploded 2.55% to close at $60.74 on the stock market on Thursday.
  • Wells Fargo & Company posted a strong positive rating for Uber on Wednesday
  • Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Should I buy Uber stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $UBER stock a buy?

In the current situation of Uber there is not any eligible buy setup. This doesn't mean $UBER will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Uber stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies give us the ability us to avoid rash decisions based on our moods or the noise surrounding the market. We like very simple setups to guide us on when is the best moment to sell a stock. Be aware that these setups should not be used for shorting $UBER stock

A golden rule is that you must never keep a trade that shows a higher than expected losses by the time of the buy. The timing to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Uber stock?

In the current situation of Uber there is not any eligible sell setup, so Uber stock holders with operations in profit can keep their positions

Uber ratings

In the last month, 9 brokerage ratings were published for Uber. General sentiment is bullish, with 9 out of 9 posting positive forecasts

Uber analysts' ratings - Last 30 days
Brokerage firmRating
Mar 25th, 2021
Morgan Stanley Buy
Mar 26th, 2021
Vertical Research Strong buy
Mar 31st, 2021
Morgan Stanley Buy
Apr 1st, 2021
Jefferies Financial Group Strong buy
Vertical Research Strong buy
Wolfe Research Buy
Apr 6th, 2021
Evercore ISI Buy
Apr 13th, 2021
Evercore ISI Buy
Apr 14th, 2021
Wells Fargo & Company Strong buy

Uber stock analysis

SMAs overview

UBER stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $61.02 (0.46% above)
  • R2: $64.05 (5.45% above)
  • The current support levels are:

  • S1: $60.03 (-1.17% below)
  • S2: $56.02 (-7.77% below)
  • S3: $51.80 (-14.72% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price dropped by 0.44%. The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    UBER stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator turns out to be of little use, and we are now in one of these cases.

    UBER stock RSI chart

    Uber stock price history

    Uber started trading priced at an adjusted price1 of $42.00 on May 2019. Since then, UBER stock has risen by 44.62%, with an average of 44.62% per year. If you had invested thousand dollars in Uber stock on the IPO, it would worth $1,446.19 today.

    1: Adjusted price after possible price splits or reverse-splits

    UBER stock price history chart

    Price target for Uber stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and many times. If you are a small investor you must not buy or sell based on these forecasts.

    Averaging all price targets exposed below, the forecasted price for Uber stock is $73.75. Uber closed at $60.74 on Thursday, that is a 17.64% than the predicted price.

    Uber stock price predictions
    Brokerage firmPrice target
    Mar 25th, 2021
    Morgan Stanley $70.00$75.00
    Mar 26th, 2021
    Vertical Research $72.00
    Mar 31st, 2021
    Morgan Stanley $70.00$75.00
    Apr 1st, 2021
    Jefferies Financial Group $75.00
    Vertical Research $72.00
    Wolfe Research $73.00
    Apr 6th, 2021
    Evercore ISI $74.00
    Apr 13th, 2021
    Evercore ISI $74.00
    Apr 14th, 2021
    Wells Fargo & Company Not available

    Earnings and financials

    Uber Technologies, Inc. ($UBER) reported quarterly earnings of $-0.54 per share last February, matching the Market consensus estimate of $-0.55 per share. Forecasted turnover for this quarter was $3.6 billion but Uber undercut by 11.59%, posting $3.2 billion.

    Same quarter one year ago, reported EPS was $-0.64, so recently reported EPS means a gain of 15.63%. Looking at revenues, figures dropped a -45.29% compared to $40.7B year over year.

    UBER ($UBER) will host the quarterly earnings call early next May. Forecasted for this quarter is $-0.53, compared to $-0.54 that was reported for Q4.

    Uber performance

    UBER performance compared
    Company1m3m6m
    Uber ($UBER) 6.40% 1.20% 70.20%

    Disclaimer:
    The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the specific positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for informational motives only

    UBER summary

    Thursday, April 15th, 2021
    Open$59.88
    Close$60.74
    Day range$59.55 - $61.09
    Previous close$59.23
    Session gain2.55%
    Average true range$2.48
    50d mov avg$56.90
    100d mov avg$54.86
    200d mov avg$44.93
    Earnings dateMay 6th, 2021

    Frequently asked questions

    What is Uber stock symbol?

    Uber Technologies, Inc. is a public company trading in the US stock market with the UBER symbol

    Is Uber stock a buy or sell?

    Uber received 9 ratings in the last 30 days: 9 bullish, 0 bearish and 0 neutral.

    Will UBER go up?

    Uber had different price forecasts posted by market analysts in the last 4 weeks setting the target price to $73.75. That is a 21.42% than the last price ($60.74).