Arete Research downgraded Uber's stock from Buy to Neutral with a $74 price target, citing an expected 64.95% drop in earnings per share to $1.09 despite 9.6% revenue growth to $14.76 billion. Uber faces new competition from Tesla's Cybercab, which offers significantly cheaper rides but with variable pricing. Meanwhile, Uber secured Spain's first permit for Level 4 autonomous vehicles, marking progress in its self-driving technology. The downgrade reflects investor caution ahead of Uber's upcoming earnings report amid these mixed developments.
Uber and Chinese autonomous vehicle maker Pony.ai announced plans to launch and begin testing a robotaxi service in London as part of their expanded partnership to bring driverless cars to Europe. This move follows their earlier collaboration in the ...
Uber Technologies has agreed to buy ezCater, a US-based catering and workplace meals platform, for $2.3 billion in an all-cash deal. EzCater processed over $2.5 billion in orders in the past year and is profitable on a non-GAAP basis. The acquisition...
Uber is acquiring ezCater, a leading U.S. catering platform, for $2.3 billion in cash to expand its Uber Eats offerings into large-scale catering and workplace meals. ezCater, founded in 2007, has generated over $2.5 billion in gross bookings in the ...
Uber Technologies is acquiring ezCater, a platform specializing in catering and workplace meals, for $2.3 billion. This acquisition expands Uber Eats' reach into the U.S. workplace food delivery market, leveraging ezCater's network of over 140,000 re...
Uber Technologies is rated a Strong Buy due to strong institutional buying, even though its stock price has dropped about 30% over the past year. The stock is considered undervalued with potential for growth as electric vehicles, ride-hailing, and ro...
