BofA Securities analyst Justin Post maintained a Buy rating on Uber Technologies UBER and increased the price target from $97 to $115 on Tuesday.Uber remains a top pick for 2025 for Post. The price boost reflects Meta Platforms Inc META, Amazon.com Inc AMZN, Netflix Inc NFLX, and Alphabet Inc GOOGGOOGL (once collectively known as FANG) multiple expansion, as per the analyst. However, the multiple is still a discount to FANG comps given Uber’s higher multiple on GAAP earnings.Also Read: Uber Wins Analyst Pra ...

Equity Research U.S. Autos & Mobility 23 June 2025 Tesla, Inc. Robotaxi Launch Takes: largely smooth, but better question is on path of scaling Key takes: 1. Tesla Robotaxi launched y'day in Austin - largely uneventful, no major issues; 2. Bulls view launch as start of a new era, with revenue on driverless rideshare critical milestone; 3. Better question ahead is on scaling and path to converge w/Waymo - we caution against overoptimism. Tesla's Robotaxi launch in Austin, Texas was rather uneventful with no ...

In a recent report, Goldman Sachs singled out some notable surprises among the companies that saw an uptick in hedge fund ownership.As stocks that see increases in hedge fund ownership tend to perform well in their sectors, they are certainly worth keeping an eye on. But what about Knight-Swift (NYSE: KNX)?Is the transportation industry profitable?Judging by Goldman Sachs reports, it appears that Wall Street has set its sights on Knight-Swift Transportation, the largest truckload carrier in the U.S. Sure, t ...

Core Insights - Lucid Motors is facing early quality issues with the launch of its electric SUV, the Gravity, which is considered normal during the initial stages of vehicle delivery [1][2] - The company has experienced significant financial losses exceeding $13 billion and has struggled to meet sales expectations for its Air sedan [3] - The Gravity SUV, priced at $94,000 with a range of 450 miles, has begun shipping to customers, but production challenges have slowed progress [5][6] Production and Quality Challenges - The interim CEO, Marc Winterhoff, acknowledged technical issues, particularly with the heads-up display, which have delayed the rollout of the Gravity to showrooms [1][2] - Lucid has opted to delay the introduction of the Gravity to ensure quality rather than risk presenting an incomplete product to customers [2] - The company does not anticipate a significant increase in delivery volumes until the latter half of the year [6] Strategic Partnerships and Future Plans - Lucid aims to expand its business model beyond vehicle sales, exploring partnerships for EV technology supply, with a current deal in place with Aston Martin [7] - Winterhoff mentioned ongoing discussions with potential partners for joint manufacturing in the U.S., indicating interest in leveraging Lucid's assets [8] - The company is also in talks with multiple software and mobility firms regarding collaborations, which could provide additional revenue streams [8] Financial Outlook and Market Position - Lucid has stated it has sufficient cash and vehicle revenue to sustain operations until the launch of a more affordable mid-sized vehicle in late 2026 [8] - The company is evaluating strategies to mitigate risks associated with vehicle pricing and supply chain volatility in the current economic climate [9]