In the latest trading session, Uber Technologies (UBER) closed at $74.27, marking a +1.18% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.03%. Meanwhile, the Dow experienced a rise of 0.41%, and the technology-dominated Nasdaq saw an increase of 0.12%.The ride-hailing company's stock has dropped by 3.04% in the past month, falling short of the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9%.The investment community will be closely ...

Klaus Vedfelt/DigitalVision via Getty ImagesI published my ‘Strong Buy’ thesis for Uber (NYSE:UBER) in January 2024, highlighting their improvement in the take rate and operating margin. I continue to view Uber’s stock price as undervalued, and the market has not fully appreciated Uber One membership growth and their potential for margin and FCF growth. Therefore, I assign a ‘Strong Buy' rating with a fair value of $103 per share. Uber One Membership Growth Uber offers Uber One subscription services, pr ...

Uber Eats now has 1 million merchants around the world on its platform.These partners include restaurants, grocers and convenience stores ranging from small businesses to international chains, Uber said in a Monday (April 8) press release.The online ordering and delivery platform reached the milestone of 1 million merchants about 10 years after it was piloted under the name UberFresh with a handful of restaurants in Los Angeles, according to the release.Following that pilot in 2014, the company scaled its f ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewShort-form video content à la TikTok is taking over social media apps.And soon, you'll even find it on Uber Eats.The food delivery platform is launching a new feature that will allow app users to ...

Uber Technologies (UBER) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changi ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Uber Technologies (UBER) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Uber Technologies is one of 618 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 with ...

The bullish arguments are of textbook quality, with no major downsides undermining them.Are you on the fence about owning a stake in Uber Technologies (UBER 2.99%)? It's understandable if you are. The ride-hailing business still feels like it's on wobbly footing. Uber stock isn't exactly cheap, either, particularly following its 150% run-up over the past 12 months.On balance, however, the argument for stepping into a new position in Uber is stronger than the argument against it. You'll just want to be a lit ...

Key TakeawaysUber Technologies shares jumped 4% in intraday trading Friday following a price-target increase from Jefferies, which set its new goal for the stock at $100, up from $95.Jefferies analysts wrote in a note Friday that Uber's Mobility division should continue to grow as the company introduces new ways to book trips, and the customer base for its existing services continues to rise.A Wedbush Securities survey posted Thursday also featured consumers saying they used Uber for all their rideshare nee ...

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, ...

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 ...