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.
Uber and Chinese autonomous vehicle developer Pony.ai have expanded their partnership to deploy 2,000 self-driving taxis across Europe and extend their robotaxi services to the Middle East. This follows the launch of a commercial robotaxi service in ...
Uber and Chinese autonomous vehicle maker Pony.ai have announced plans to introduce 2,000 robotaxis in four European cities as part of their expanded partnership. Pony.ai will provide the autonomous driving technology, while Uber will leverage its ri...
Uber and Pony.ai announced plans to deploy 2,000 self-driving taxis across Europe and expand their robotaxi partnership to the Middle East. They recently launched Europe's first commercial robotaxi service in Zagreb, Croatia, and will roll out servic...
Pony.ai and Uber have expanded their partnership to deploy over 2,000 Pony.ai Robotaxis across Europe, adding four new cities beyond their initial service in Zagreb. This collaboration combines Pony.ai's Level 4 autonomous driving technology with Ube...
Uber Freight, the logistics arm of Uber, suffered a cyberattack by the Helix hacking group, which claims to have stolen emails, cloud files, and dispatch documents. Despite the breach, Uber Freight states its business operations remain unaffected and...
