In this article LYFT UBER TSLA The Uber logo is seen in the rain in Krakow, Poland, on January 6, 2024. Klaudia Radecka | Nurphoto | Getty Images Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it's turned into a boon for the stock instead. Uber shares had been falling on the initial investor excitement leading up to Thursday's event — particularly slumping in early August and mid-September — but surged more than 9% on Friday on renewed enthusiasm that the company is ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Uber Technologies, Inc. (NYSE: UBER ) is a global platform that allows people to book rides, order food, and transport goods easily. Despite its wide reach and essential services, the company's stock has remained steady over the past six Investing in high-growth opportunities across industries, employing a value investing approach that prioritizes robust business models and strategic foresight. Focusing on companies with the potential to profoundly influence the global landscape in the years aheadI primaril ...

Ride-hailing companies Uber Technologies, Inc. UBER and Lyft, Inc. LYFT are rising in premarket trading on Friday. The shares of Uber and its smaller peer Lyft were reacting to electric vehicle maker Tesla, Inc. TSLA announcing that a rival offering from its stable, the Cybercab, will go into production in 2026 or possibly even in 2027. If Tesla had been quick with a superior offering armed with its unsupervised self-driving technology, Uber and Lyft might have seen their market share erode. Ahead of the ev ...

As Tesla Inc TSLA gears up for its highly anticipated Robotaxi event on Oct. 10, the rideshare market is bracing for disruption. Tesla's event, expected to reveal a low-cost, fully autonomous vehicle (AV), has sparked concern among investors, particularly for companies like Uber Technologies Inc UBER and Lyft Inc LYFT. However, JPMorgan analyst Doug Anmuth remains confident in Uber's future, noting that it remains "well positioned in [the] AV ecosystem." Tesla's Disruption: Rideshare Under Pressure? Tesla's ...

Uber CEO Dara Khosrowshahi on Tuesday announced that the company is updating its platform with new sustainability-minded features, including an "EV preference" that will let customers opt for fully electric vehicles by default, whenever they hail a ride. The company previously launched an "Uber Green," service which has historically included a mix of battery electric vehicles, and hybrid electric models. Now, Uber can offer battery electric vehicles as the sole "green" option in more than 40 cities globally ...

Uber is continuing its push to bring more electric vehicles onto the ride-hail and delivery platform, and it thinks giving drivers a chatbot to answer all their EV questions will help. Starting early 2025, Uber will launch an AI assistant for drivers in the U.S. powered by OpenAI's GPT-4o. At launch, the assistant will only answer questions about electric vehicles, like where to charge them or which one to buy, but the integration will potentially span into other use cases in the future, according to an Ube ...

Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers. The high court declined to weigh in on the case, without offering comment, Politico reported Monday (Oct. 7). Neither Uber nor Lyft responded to PYMNTS' request for comment. The companies had contended that the suits — which sought back pay for withheld minimum wage, overtime and other ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying UBER stock? Here's what analysts think: Uber Technologies Inc has a consensus price target of $88 based on the ratings of 35 analysts. The high is $100 issued by Jefferies on May 9, 2024. The low is $62 issued by Nomura on December 29, 2023. The 3 most-recent analyst ratings were released by Truist Sec ...

Uber Technologies Inc. UBER stock has been on quite a ride, climbing 24.94% year-to-date and 62.31% over the past year. But while the company's robot-filled future is making headlines, the technicals tell a different story. Uber may be automating deliveries, but its stock movement is hitting some resistance. UBER Stock Chart: Short-Term Bears, Long-Term Bulls Chart created using Benzinga Pro Currently, Uber stock's price is $72.94, just below its eight-day and 20-day simple moving averages (SMA) of $74.72 a ...