Uber Inc. (UBER) PT Raised to $38 at JPMorgan

Uber Inc. (UBER) PT Raised to $42 at Needham & Company

May 8, 2020 5:18 AM EDT

Needham & Company analyst Brad Erickson raised the price target on Uber Inc. (NYSE: UBER) to $42.00 (from $36.00) while maintaining a Buy rating.... More

Uber Inc. (UBER) PT Raised to $35 at Bernstein

May 8, 2020 4:19 AM EDT

Bernstein analyst Mark Shmulik raised the price target on Uber Inc. (NYSE: UBER) to $35.00 (from $32.00) while maintaining a Outperform rating.... More

Uber Inc. (UBER) PT Lowered to $38 at Stifel

May 8, 2020 4:19 AM EDT

Stifel analyst Scott Devitt lowered the price target on Uber Inc. (NYSE: UBER) to $38.00 (from $40.00) while maintaining a Buy rating.... More

Uber Inc. (UBER) PT Raised to $45 at Goldman Sachs

May 8, 2020 4:18 AM EDT

Goldman Sachs analyst Heath Terry raised the price target on Uber Inc. (NYSE: UBER) to $45.00 (from $41.00) while maintaining a Buy rating.

The analyst comments "We continue to believe the risk/reward in owning the leader in Mobility as the sector matures is... More

Lyft to require passengers and drivers to wear masks

May 7, 2020 10:35 PM EDT

By Moira Warburton and Tina Bellon

TORONTO/NEW YORK (Reuters) - Lyft (NASDAQ: LYFT) will require both passengers and drivers to wear masks and complete a health certification program, including confirming before each ride that they are not displaying symptoms associated with the novel coronavirus, the company said on Thursday.

The move comes as ridesharing companies struggle to maintain revenues with millions of people worldwide under social distancing orders from public health authorities.

Lyft has previously committed to distributing masks to its more than one million drivers, focusing on... More

Uber sees rides recovering from coronavirus lows, banks on food-delivery momentum

May 7, 2020 4:08 PM EDT

By Akanksha Rana and Tina Bellon

(Reuters) - Uber Technologies Inc's (NYSE: UBER) ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.

He spoke after Uber reported it had seen encouraging signs in markets hit by the pandemic and posted a 14% rise in revenue for the first quarter, supported by a jump in food-delivery orders at its Uber Eats business.

Khosrowshahi said... More

Uber (UBER) Misses Q1 EPS, Revs

May 7, 2020 4:08 PM EDT

Uber (NYSE: UBER) reported Q1 EPS of ($2.26), which may not compare to the analyst estimate of ($0.83). Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3.51 billion.

Gross Bookings grew to $15.8 billion, up 8% year-over-year, or 10% on a constant currency basis, with Rides declining 3% and Eats growing 54% year-over-year, respectively, on a constant currency basis.Revenue growth of 14% year-over-year, or 16% on a constant currency basis.Adjusted Net Revenue (ANR) growth year-over-year of 18%, or 19% on a constant currency basis. Adjusted Net Revenue and segment Adjusted Net Revenue excludes the impact of COVID-19... More

Uber (UBER) May calls active as shares rally 9.5% into quarter results

May 7, 2020 11:01 AM EDT

Uber (NYSE: UBER) May weekly call option implied volatility is at 212, May is at 104; compared to its 52-week range of 36 to 201 into the expected release of quarter results today after the bell. Call put ratio 2 calls to 1 put.

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Twilio shares surge 32% after results crush Wall Street estimates

May 7, 2020 9:59 AM EDT

By Supantha Mukherjee

(Reuters) - Twilio Inc (NYSE: TWLO) shares surged 32% to a record high after the cloud communication provider's quarterly results and forecast smashed Wall Street estimates on increased demand from telehealth and education companies amid widespread lockdowns.

At least eight brokerages raised their price targets on the stock. Mizuho made the most bullish brokerage, raising its target by $55 to $180.

"Twilio stands to be a significant beneficiary of COVID-19 in the short term,... More

Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs

May 7, 2020 9:53 AM EDT

By Anirban Sen and Supantha Mukherjee

(Reuters) - Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's (NYSE: UBER) results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers.

Shares of Lyft surged nearly 20%, while Uber's stock jumped about 8%.

As parts of the U.S. economy start to re-open, demand for ride-hailing services is expected to get a significant boost, following weeks of upheaval in the core businesses of Lyft and Uber due to lockdowns... More

Pre-Open Movers 05/0: (TPC) (TWLO) (MRNA) Higher; (SAVE) (BBG) (PING) Lower (more...)

May 7, 2020 9:25 AM EDT

Pre-Open Stock Movers:

Evelo Biosciences, Inc. (Nasdaq: EVLO) 29.4% HIGHER; Evelo Biosciences, Rutgers University, and Robert Wood Johnson University Hospital today announced the submission of an Investigational New Drug (IND) application for an Evelo-sponsored Phase 2 clinical study evaluating the safety and efficacy of EDP1815 for the treatment of hospitalized patients with newly diagnosed COVID-19. The study will be led by Reynold A. Panettieri, Jr.,... More

Uber lays off hundreds in Egypt amid global cuts, staff says

May 6, 2020 6:31 PM EDT

CAIRO (Reuters) - Uber Technologies Inc (NYSE: UBER) laid off hundreds of office-based staff in Egypt on Wednesday as the ride-hailing firm made wider cuts amid the fallout from the new coronavirus, one current and two former employees said.

The former employees, both of... More

After-Hours Stock Movers 05/06: (TWLO) (FSLY) (LYFT) Higher; (SAVE) (PING) (ETSY) Lower (more...)

May 6, 2020 6:07 PM EDT

After-Hours Stock Movers:

Twilio (NYSE: TWLO) 25% HIGHER; reported Q1 EPS of $0.06, $0.17 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $364.9 million versus the consensus estimate of $331.88 million. Twilio sees Q2 2020 EPS of ($0.11)-($0.08), versus the consensus of ($0.13). Twilio sees Q2 2020 revenue of $365-370 million, versus the consensus of $337.8 million.

Fastly, Inc. (NYSE: FSLY) 21% HIGHER; reported Q1 EPS of ($0.06), $0.06 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $63 million versus... More

Uber (UBER) Trades Higher in Sympathy with Lyft (LYFT) Following Results, Lyft Up 14.8%, Uber Up 6.7%

May 6, 2020 5:36 PM EDT

Uber (NYSE: UBER) Trades Higher in Sympathy with Lyft (NASDAQ: LYFT) Following Results, Lyft Up 14.8%, Uber Up 6.7%

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Lyft sees rider demand improve in late April, 'on path to profitability'

May 6, 2020 4:12 PM EDT

By Akanksha Rana and Tina Bellon

(Reuters) - Lyft Inc (NASDAQ: LYFT) on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by the coronavirus pandemic had improved in late April.

Shares in Lyft rose over 18% in after-hours trading, but shares are still less than half the $72 price from their initial public offering last year. Shares of larger rival Uber Technologies Inc (NYSE: UBER) were up 9%.

The first-quarter results offer a... More

Some U.S. city transit agencies turn to Uber as ridership drops during coronavirus crisis

May 6, 2020 4:01 PM EDT

By Tina Bellon

(Reuters) - U.S. cities that have idled mass transit during coronavirus lockdowns are turning to an unusual partner to get essential workers to hospitals, warehouses and factories: ride-hailing company Uber.

Long criticized by officials in large U.S. cities for siphoning off transit riders and clogging up streets, some less-dense cities with reduced transit ridership are now turning to the Silicon Valley-based company to fill transportation gaps.

A handful of transit agencies are paying Uber Technologies Inc (NYSE: UBER) and subsidizing rider costs during the... More

Exclusive: India's Zomato targets push into alcohol deliveries - document

May 6, 2020 10:48 AM EDT

By Aditya Kalra

NEW DELHI (Reuters) - Indian food delivery company Zomato aims to branch out into delivering alcohol, according to a document seen by Reuters, as it seeks to cash in on high demand for booze during the country's coronavirus lockdown.

Zomato has already diversified into grocery deliveries as the restrictions on movement shuttered some restaurants and people hesitated to order outside food due to fears of catching the disease.

Alcohol stores, closed nationwide on March 25, were allowed to re-open this week, generating queues of hundreds of people outside some outlets in... More

Uber (UBER) call put ratio 1 call to 2 puts into cash flow, revenue and profit outlook

May 6, 2020 10:25 AM EDT

Uber (NYSE: UBER) May weekly call option implied volatility is at 170, May is at 102; compared to its 52-week range of 36 to 201 into the expected release of quarter results today after the bell on May 7. Call put ratio 1 call to 2 puts.

... More