Uber Technologies Inc's UBER third-quarter earnings, expected to be released on Oct. 31, are projected to exceed Street estimates slightly. Bank of America analyst Justin Post maintains a Buy rating on the stock and raised the price target to $96 from $88. The ride-hailing company should benefit from secular shifts to the sharing economy, time-saving services (i.e., delivery), and a move to more efficient marketplaces such as freight. Uber should trade at a premium to direct peers, given share leadership an ...

Uber Technologies (UBER) closed the most recent trading day at $80.41, moving -0.06% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.18%.Shares of the ride-hailing company witnessed a gain of 7.7% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.5% and the S&P 500's gain of 2.76%.Analysts an ...

SAN FRANCISCO and PLANTATION, Fla., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Uber Health and NationsBenefits today announced a partnership to enable millions of NationsBenefits members to use their flex cards for rides on Uber and same-day delivery of grocery items on Uber Eats. The partnership unlocks seamless and convenient access to these two ancillary benefits for millions of NationsBenefits members. The two companies will also work together to enable members to shop directly for groceries on the Uber Eats app ...

Tesla Inc. NASDAQ: TSLA presented its much-anticipated 'We, Robot' robotaxi event in mid-October, but investors left with more questions than answers. The EV maker saw its shares drop by 8% the day after the unveiling as analysts criticized a lack of detail in timelines and other information surrounding a future rollout of additional autonomous vehicles and related services. Critics said that the supposedly autonomous robots were actually remotely controlled by human operators and that the event seemed remo ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Uber considered making a bid for travel website Expedia, The Financial Times reported on Wednesday. The potential deal would take Uber closer to "super app" status, according to one analyst. CEO Dara Khosrowshahi has said he wants to make Uber a one-stop app for transportation and delivery. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for sign ...

Uber discussed a bid for the $20 billion travel booking company Expedia, CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery. The talks were in early stages, according to a person familiar with the discussions who asked not to be named since the talks are confidential. It remains unclear if an acquisition will take place. Expedia is familiar territory for Uber CEO Dara Khosrowshahi, who previously served as CEO of the travel group from 2005 t ...

Uber has reportedly considered acquiring Expedia to strengthen its ongoing diversification. That's according to a report Wednesday (Oct. 16) by the Financial Times (FT) which notes that purchasing the $19 billion travel booking website would mark Uber's largest acquisition ever. Sources told the FT that Uber had spoken to advisors about the feasibility of the deal recently after a third party had floated the idea of an Expedia acquisition. The discussions centered in part on Uber CEO Dara Khosrowshahi. He w ...

Uber (NYSE: UBER ) shares surged almost 11% following Tesla's 'We, Robot' event, while Tesla ( TSLA ) shares closed the trading day almost 9% lower. In my view, this is a clear investor vote of how I have worked in investment banking for almost a decade, before I decided to fully turn my attention to the stock market and my private investments. As a contributor to Seeking Alpha, my articles have a focus on accounting and financial analysis. I am an ex-colleague and close friend of Cavenagh Research, who als ...

San Francisco, CA-based ride-sharing company Uber Technologies (UBER) has been having a great run on the bourses lately. In the last three trading sessions, the stock hovered at more than $82/share, closing at $83.2 on Tuesday. That's not very far from its all-time high of $87, hit on Friday. Here's What Propelled UBER Stock to an All-Time High Uber shares gained 10.8% on Oct. 11 following Tesla's (TSLA) not-so-exciting robotaxi event, which failed to meet expectations. Tesla's much-anticipated unveiling of ...