Uber shares rally after announcing inaugural $7bn share repurchase program
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Uber Inc. (UBER) PT Raised to $95 at Deutsche Bank, 'Buying into Growth At Scale'
February 15, 2024 5:24 AM ESTDeutsche Bank analyst Lloyd Walmsley raised the price target on Uber Inc. (NYSE: UBER) to $95.00 (from $82.00) while maintaining a Buy rating.
The analyst comments "Yesterday, Uber had its analyst day one week after a clean 4Q print, where it delivered a 3-year outlook that was well ahead of Street estimates and announced a $7bn share repurchase program. The key takeaways are that: 1) Uber expects to... More
Uber hits record high after unveiling first-ever $7 billion share buyback
February 14, 2024 6:59 AM ESTBy Samrhitha A
(Reuters) -Uber Technologies shot to a record high on Wednesday after announcing its first-ever buyback of $7 billion worth of company shares after a strong recovery in ride-share revenue and healthy demand in its food delivery business.
The company posted its first annual net profit last week since it went public in 2019. Uber executives said they expect to make buybacks consistent over time.
"Today's authorization of our first-ever share repurchase program is... More
Uber (UBER) Announces Inaugural $7 Billion Share Repurchase Authorization
February 14, 2024 6:55 AM ESTUber Technologies, Inc. (NYSE: UBER) today announced that its Board of Directors has authorized the repurchase of up to $7 billion of the companys common stock.
Todays authorization of our first-ever share repurchase program is a vote of confidence in the... More
Uber, DoorDash, Lyft drivers to go on nationwide strike for fair pay
February 12, 2024 3:26 PM ESTDrivers group announced that on Valentine's Day, numerous drivers from Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), and the food delivery service DoorDash (NASDAQ: DASH) will participate in a nationwide strike to demand... More
Uber, Lyft, DoorDash drivers to strike on Valentine's Day for fair pay
February 12, 2024 12:34 PM ESTBy Akash Sriram
(Reuters) -Thousands of drivers for ride-sharing platforms Uber, Lyft and food delivery app DoorDash are expected to go on strike across the United States on Valentine's Day for fair pay, drivers' groups said on Monday.
The demonstrations are set to take place about a week after Lyft said it would guarantee weekly earnings for drivers, a first in the U.S. ride-hailing industry as it looks to lure more drivers to its platform.
"We are... More
