Uber Technologies Inc (NYSE: UBER) is up close to 10% at writing after announcing ambitious target for the next three years.Details of Uber’s three-year targetsCopy link to sectionThe ride-hailing giant told investors in a presentation today that its gross bookings will grow at a compound annualised rate of about 15% to 18% over the next three years. $UBER also confirmed plans of opportunistically reinvesting in pursuit of longer-term growth and said free cash flow (FCF) as a percentage of EBITDA (adjusted) ...

Mobility # of Consumers Trips per Consumer Gross Bookings per Trip Mobility Gross Bookings More Demand More Supply # of Drivers Supply Hours per Driver Investor Update 23 Mobility Success in Mobility starts with drivers, the engine of growth Local, on-the-ground operational execution has significantly increased our driver base Jan'22 Dec'23 1. GenPop usage rate defined as unique annual consumers in FY'23 / total population 18+ Ready for design Mobility | --- | --- | --- | --- | --- | --- | --- | --- | |---- ...

Uber Technologies Inc. UBER announced its first-ever share buyback program on Wednesday saying its board has authorized the repurchase of up to $7 billion worth of stock. Chief Financial Officer Prashanth Mahendra-Rajah said the move was a vote of confidence in the company’s financial momentum. “We will be thoughtful as it relates to the pace of our buyback, beginning with actions that partially offset stock-based compensation, and working towards a consistent reduction in share count,” he said in a stateme ...

Uber Technologies (UBER) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this ride-hailing company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings esti ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Uber Technologies (UBER) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Uber currently has an average brokerage recommendation ...

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Uber Technologies (UBER) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this ride-hailing company have returned +12.2% over the past month versus the Zacks S&P 500 composite's +5.8% change. The Zacks Internet - Services industry, to which Uber belongs, has gained 6.1% over this period. Now the key question is: Where could the stock be headed in the near ...

Uber Technologies (UBER -0.51%) seems to have turned the corner. After years of struggle following its 2019 initial public offering, the stock has reached record highs and the company has achieved its first-ever annual profit. But does that mean shares can continue to move higher, or have investors already missed the opportunity? Let's take a look.The state of UberReaching profitability after its struggles is a huge milestone for the company. Investors had already begun to write off Uber when the pandemic s ...

Uber Technologies (UBER -0.98%) has come full circle.The ridesharing giant has undergone a stark transformation over the last few years, letting go of its desire to be the "Amazon of transportation" and instead focusing on its core strengths, jettisoning underperforming businesses and geographies. That includes pulling out of markets where it wasn't the No. 1 or No. 2 operator in ride-hailing.Plus, it just announced it will close the alcohol delivery brand Drizly after acquiring it for $1.1 billion three ye ...

Key PointsUber reported actual GAAP profits from core operations in Q4 2023, fulfilling its path to profitability after 14 years of operations.Uber crushed analyst EPS estimates by 50 cents, growing revenues by 15.4% YoY to $9.4 billion.Uber's sequential Mobility Bookings fell from 30% to 28% in Q4 2023, causing growth deceleration concerns similar to Alphabet's sequential growth drop in Cloud revenues in Q3 and Advertising revenues in Q4 2024.  5 stocks we like better than Uber TechnologiesLeading rideshar ...