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 ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest ...

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 ...

It’s shellved.Following salty backlash, Uber Eats removed part of its Super Bowl ad that had roasted people with peanut allergies.The minute-long commercial, which centers around forgetfulness, features Jennifer Aniston, David Schwimmer, David Beckham, his wife, Victoria, as well as rapper Jelly Roll and Usher, who is slated to perform at halftime. In one scene, a man who has broken out in hives and sports a swollen eye can be seen eating from a peanut butter jar before remarking: “There’s peanuts in peanu ...

After ride-hailing and delivery platform Uber Technologies Inc. reported quarterly results last week, the blurbs swept in from analysts. They cheered the company’s more consistent profitability and the prospect of an investor-payout plan, growth in ride demand and gains in the segment that allows other businesses to advertise in the app. And they cited its potential to become a bigger part of local economies by transporting more people, takeout, groceries and other goods from one spot to another. One said U ...

It has been a strong few quarters for consumer technology platforms. Inflation is coming down, gross domestic product is growing quickly, and consumer spending keeps climbing.After worries of an economic malaise in 2022, most world economies have regained a solid footing. Growing consumer spending -- especially in travel and entertainment -- has been a boon to many stocks. Uber Technologies (UBER -0.98%) is one of the big beneficiaries of a healthy consumer. The stock has soared 185% since the start of 2023 ...