Serve Robotics Expands Autonomous Delivery Service with Uber Technologies, Inc. (UBER)’s Uber Eats; Mizuho Initiates Coverage with $130 PT and Outperform Rating

Core Insights - Uber Technologies, Inc. is recognized as one of the best quality stocks to buy according to hedge funds, driven by hedge fund interest and significant profit margins [1] - Mizuho initiated coverage of Uber with a target price of $130 and an "Outperform" rating, highlighting consistent revenue growth, margin improvement, and free cash flow generation [3] - The company's shares have increased by 61.95% this year and 29.98% over the last 12 months, reflecting strong investor confidence in its delivery automation and mobility operations [4] Company Developments - Serve Robotics has expanded its autonomous delivery service in partnership with Uber Eats to the Chicago metro area, following previous deployments in major cities [2] - Uber operates proprietary technology applications across various regions, including North America, Latin America, Europe, the Middle East, Africa, and Asia Pacific, offering ride-hailing, food delivery, freight, and mobility solutions [5] - The company's multibillion-dollar buyback program has contributed to its transition from negative EBIT margins in 2021 to profitability [3]