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Home/News Feed/Uber's Q2 bookings grow 22% YoY; Delivery Hero deal boosts global reach, shares seen as strong buy.
UBER
$70.10
-$0.74 -1.04%

Uber's Q2 bookings grow 22% YoY; Delivery Hero deal boosts global reach, shares seen as strong buy.

Analyst Insights
12 Aug 2026
Seeking Alpha
View Source
Bullish
Uber's Q2 bookings grow 22% YoY; Delivery Hero deal boosts global reach, shares seen as strong buy.

Uber reported a 22% year-on-year growth in Q2 gross bookings and generated over $10 billion in trailing twelve months free cash flow. The recent $14.8 billion acquisition of Delivery Hero significantly expands Uber's cross-platform market presence to 58 countries, enhancing its global logistics capabilities and long-term operating leverage. Despite fears around Waymo's autonomous vehicle impact, Uber's hybrid network model addresses peak demand challenges, positioning it well for future autonomous vehicle scaling. The stock trades at a 6.6% unadjusted free cash flow yield and is rated a strong buy with a one-year price target of $150 and a 2030 target of $300.

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BofA keeps buy on Uber, sees limited market share loss to autonomous vehicle rivals by 2028

BofA keeps buy on Uber, sees limited market share loss to autonomous vehicle rivals by 2028

Bank of America maintains a 'buy' rating and $101 price target on Uber, expecting it to hold about 73% of the US mobility market by 2028 despite rising competition from autonomous vehicle companies like Waymo, Tesla, and Zoox. These competitors could...

Market News
Neutral
1 day ago
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