Uber decided against acquiring Instacart, opting instead to focus on a $15.7 billion share buyback program that offers better returns and avoids stretching its balance sheet. Uber's stock trades at a 7.4% free cash flow yield and 14 times trailing EBITDA, with gross bookings growing 24%, indicating undervaluation compared to peers. Management's buyback supports a fair value target of $80–$90 per share. Key risks include rapid cost declines in robotaxi technology and potential large acquisitions, but most autonomous vehicle makers are expected to partner with Uber rather than compete directly.
As of Oct 27, 2026 13:21 WIB, Uber trades at USD 66.03, just above its 52-week low of USD 65.94 and well below the 52-week high of USD 99.72 on Pluang. Despite the recent 0.15% dip, the stock's market cap stands at $136.24 billion, reflecting significant scale compared to its price range. The current Pluang order activity shows a strong 78% sell sentiment versus 22% buy, contrasting with the company's strategic focus on a $15.7 billion share buyback program mentioned in the news.
Rivian Automotive reported record third-quarter deliveries of 19,248 vehicles, surpassing prior guidance and raising full-year delivery expectations to 65,000-70,000. Despite this, the company still faces significant cash burn, with a narrowed automo...
Instacart's stock surged nearly 10% following reports that the company is exploring a potential sale to larger competitors like DoorDash and Uber. While discussions are preliminary and no deal is guaranteed, investors are pricing in a possible acquis...
Instacart, the grocery delivery company valued at over $13 billion, has reportedly engaged in acquisition discussions with DoorDash and Uber, though Uber has since stepped back. The company has hired an investment bank to explore its options, possibl...
Instacart's stock jumped after reports it is exploring a sale, with early talks involving DoorDash and Uber. Uber has reportedly walked away, citing its ongoing acquisitions and antitrust issues, while DoorDash remains interested but faces regulatory...
Instacart, valued at about $12 billion, has held preliminary talks with Uber and DoorDash about a potential sale, with an investment bank advising on options. A sale could fetch $16-$17 billion if a buyer pays a premium, but antitrust concerns remain...
