UBER is a consensus long with strong insider buying, rising estimates, and a fresh initiation from a credible firm. The elevated short interest adds squeeze potential. Traders should view this as a confirmation of the bullish thesis — UBER remains a core long with upside to $100+.
Price Chart
Executive Summary
Scotiabank initiated coverage on Uber Technologies, Inc (UBER) at Sector Outperform with a $100 price target, representing 36.7% upside from the current $73.13 close. The firm's 56% accuracy on 1,480 calls and 4.4% average return place it in the mid-tier among analysts covering UBER. Consensus is heavily bullish — 50 of 58 analysts rate it Buy (86%), with only 7 Holds and 1 Sell. The mean price target is $101.81, median $101, high $150, low $70. Scotiabank's $100 target is slightly below the mean but above the median, aligning with the bullish consensus. Momentum is positive: 2 upgrades and 0 downgrades in the last 30 days, with EPS revisions for the current fiscal year showing 27 upward revisions vs 2 downward over 30 days. Insider buying by CEO Andrew Macdonald ($5.3M total on Sep 4) strongly reinforces the bullish signal. The bottom line: a high-conviction initiation from a credible firm, backed by insider buying and rising estimates — UBER remains a consensus long with strong momentum.
Impact Score
Consensus & Targets
Consensus is heavily bullish: 15 Strong Buy, 35 Buy, 7 Hold, 1 Sell, 0 Strong Sell — 86% Buy-equivalent ratings. 58 analysts cover the stock. Direction is strongly positive.
Mean PT $101.81, median $101, high $150, low $70. Current price $73.13 implies 39.2% upside to mean. Scotiabank's $100 PT is 1.8% below the mean but above the median, in line with consensus bullishness.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-09-09 | Scotiabank | initiate | Sector Outperform | $100.00 |
| 2026-09-08 | Wedbush | reiterate | Outperform | $91.00 |
| 2026-09-08 | StoneX | reiterate | Hold | — |
| 2026-09-03 | Rosenblatt | maintain | Buy | $100.00 |
| 2026-09-03 | BTIG | reiterate | Buy | $100.00 |
| 2026-09-01 | Rosenblatt | initiate | Buy | $100.00 |
| 2026-08-25 | Citizens | reiterate | Market Outperform | $100.00 |
| 2026-08-10 | Roth Capital | maintain | Buy | $100.00 |
| 2026-08-10 | Jefferies | maintain | Buy | $110.00 |
| 2026-08-06 | DA Davidson | maintain | Buy | $100.00 |
30-day analyst activity: 2 upgrades, 0 downgrades. EPS revisions for current fiscal year: 27 upward, 2 downward over 30 days — estimates are being revised higher. Near-term quarterly EPS also shows net upward revisions (13 up, 12 down over 30 days). Momentum is clearly positive.
Firm Track Record — Scotiabank
Scotiabank accuracy: 56% on 1480 calls | avg return: 4.4%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Piper Sandler | 100% | 5/5 | 12.4% | top tier |
| Wolfe Research | 100% | 2/2 | 9.2% | top tier |
| Goldman Sachs | 100% | 3/3 | 12.8% | top tier |
| Roth MKM | 100% | 2/2 | 6.9% | top tier |
| JP Morgan | 80% | 4/5 | 16.2% | top tier |
| Needham | 80% | 12/15 | 11% | top tier |
| Citigroup | 80% | 4/5 | 7.4% | top tier |
| Keybanc | 75% | 3/4 | 6.3% | top tier |
| TD Cowen | 75% | 3/4 | 12.5% | top tier |
| Evercore ISI Group | 75% | 3/4 | 7.4% | top tier |
Scotiabank has 56% accuracy on 1,480 calls with 4.4% avg return — mid-tier. Top performers on UBER include Piper Sandler (100% on 5 calls, 12.4% avg return), Goldman Sachs (100% on 3 calls, 12.8%), and JP Morgan (80% on 5 calls, 16.2%). Scotiabank's record is below these top-tier firms but still credible.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.97 | $0.79 — $1.66 | $14.7B | ↑1 ↓0 |
| 0y | $3.29 | $2.43 — $4.91 | $58.0B | ↑1 ↓0 |
| +1q | $1.08 | $0.63 — $1.95 | $15.6B | ↑1 ↓0 |
| +1y | $4.64 | $3.15 — $6.01 | $66.8B | ↑1 ↓0 |
Cross-Platform Signals
Insider trades: CEO Andrew Macdonald bought $5.3M worth on Sep 4 — a strong bullish signal aligning with the analyst initiation. Congressional activity: 3 buys (Ro Khanna x2, Dan Newhouse) vs 1 sell (Gilbert Cisneros) — net positive. Institutional: Norges Bank took a new $1.93B position, Dimensional Fund Advisors added 34.9% ($568M). However, Citadel trimmed 42% ($90M) and Allianz trimmed 38.5% ($75M) — mixed. Short interest is elevated at 61.8% of TRF volume, suggesting potential squeeze risk. Overall, insider buying and institutional inflows converge with the bullish analyst signal.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $70.97 $69.42 | ▼ −2.18% | ▼ −4.01% | $67.88 (−4.35%) |
Sep 11, 2026 21d ago | Court Ruling | $71.67 $70.50 | ▼ −1.63% | ▼ −1.41% | $67.88 (−5.29%) |
Sep 10, 2026 21d ago | Insider Cluster | $72.56 $70.87 | ▼ −2.33% | ▼ −1.83% | $67.88 (−6.45%) |
Sep 9, 2026 22d ago | ANALYST-UPGRADE | $71.08 $70.97 | ▼ −0.15% | ▲ +0.50% | $67.88 (−4.50%) |
Sep 1, 2026 4w ago | ANALYST-UPGRADE | $75.24 $71.08 | ▼ −5.53% | ▼ −5.61% | $67.88 (−9.78%) |
Aug 27, 2026 5w ago | Court Ruling | $76.95 $75.96 | ▼ −1.29% | ▼ −1.55% | $67.88 (−11.79%) |
Aug 24, 2026 5w ago | Court Ruling | $79.29 $75.65 | ▼ −4.59% | ▼ −5.06% | $67.88 (−14.39%) |
Aug 24, 2026 5w ago | Court Ruling | $79.29 $75.65 | ▼ −4.59% | ▼ −5.06% | $67.88 (−14.39%) |
Aug 21, 2026 6w ago | Court Ruling | $78.80 $78.82 | ▲ +0.03% | ▼ −0.45% | $67.88 (−13.86%) |
Aug 19, 2026 6w ago | Court Ruling | $78.04 $78.49 | ▲ +0.58% | ▲ +0.96% | $67.88 (−13.02%) |
US Market Status
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