Travis Kalanick, Uber's co-founder, is preparing to return to the ride-hailing industry through his new startup, Atoms, which focuses on robotaxi technology. Atoms recently secured $1.7 billion in funding and is recruiting autonomous vehicle engineers, aiming to fulfill a long-held goal of advancing autonomous ride services. Uber has invested $100 million in Atoms and may use its technology for robotaxis on its platform, marking Kalanick's first ride-hailing involvement since leaving Uber's board in 2019. The startup also appointed Anthony Levandowski, a key figure in self-driving tech, to lead its autonomous vehicle efforts, signaling a strong push into industrial AI and automation.
Uber Technologies is maintained as a BUY with a price target of $94, suggesting a 38% potential gain. Despite recent underperformance and concerns around autonomous vehicle (AV) technology risks, the market reaction is seen as overblown. Uber's acqui...
Uber's stock dropped 13% over the past month, underperforming large-cap tech but faring better than rivals Lyft and DoorDash, which fell 15% and 24% respectively. This decline reflects broader weakness in the rideshare and delivery sector, as well as...
Uber's stock has fallen nearly 30% over the past year despite strong cash flow exceeding $10 billion and rising analyst price targets. A leading Wall Street firm, Evercore ISI, sees potential for Uber's stock to double, driven by growth in mobility a...
