Six US politicians, including President Trump and Nancy Pelosi, have collectively purchased over $6 million in Uber stock in 2026. Their investments reflect confidence in Uber's growth potential, particularly from autonomous vehicles and Uber Eats. Wall Street analysts also show optimism, with a $108.19 average 12-month price target implying a 54% upside. Despite a 13% year-to-date stock decline, Uber's strong fundamentals and political backing suggest potential for new highs.
As August begins, the market outlook is cautiously optimistic with expectations that macroeconomic factors will regain focus after the earnings season's idiosyncratic volatility fades. Key upcoming events like July's CPI, PCE data, and the Jackson Ho...
Uber Technologies' stock fell 20% even after reporting strong first-quarter results and announcing a €12.7 billion acquisition of Delivery Hero, which will create a global duopoly with DoorDash in food delivery. The company is also advancing its auto...
Uber is expected to report Q2 results in line with or slightly above expectations, with revenue around $14.2 billion and strong gross bookings growth. Analysts from Bank of America and Jefferies highlight that investor focus will be on Uber's autonom...
Chinese tech company Baidu has started testing autonomous vehicles in London in partnership with Lyft and Freenow, a German multi-mobility app owned by Lyft. The tests, which include human safety operators, are part of a plan to deploy Baidu's Apollo...
