Uber Inc. (UBER) Mentioned Positively at JMP Securities

Uber Inc. (UBER) PT Lowered to $83 at Loop Capital

May 16, 2024 7:16 AM EDT

Loop Capital analyst Rob Sanderson lowered the price target on Uber Inc. (NYSE: UBER) to $83.00 (from $88.00) while maintaining a Buy rating.

The analyst comments "We are revising our forecast following a relatively in-line quarter with a modest miss in gross bookings from... More

Instacart (CART) stock falls as Uber Eats adds Costco

May 15, 2024 12:53 PM EDT

Instacart (NASDAQ: CART) shares fell more than 6% Wednesday after Uber (NYSE: UBER) unveiled an expanded partnership with Costco (NASDAQ: COST) as part of several updates at its annual "Go-Get" release day. Uber reportedly announced... More

Instacart (CART) Weakness Tied to Report Uber (UBER) is Adding Costco (COST) as Grocery Partner

May 15, 2024 11:29 AM EDT

Instacart (NASDAQ: CART) Weakness Tied to Report Uber (NYSE: UBER) is Adding Costco (NASDAQ: COST) as Grocery Partner

Until now Costco was only available on Instacart (NASDAQ: CART).CART -4%... More

BMO Capital Reiterates Outperform Rating on Uber Inc. (UBER)

May 15, 2024 7:19 AM EDT

BMO Capital analyst Brian J. Pitz reiterated an Outperform rating and $92.00 price target on Uber Inc. (NYSE: UBER).

The analyst commented, "We applaud Uber's acquisition of Taiwan's foodpanda, given 1) APAC expansion in an attractive market, and 2) we believe that the transaction value... More

Uber Inc. (UBER) PT Lowered to $71 at Gordon Haskett

May 14, 2024 9:26 AM EDT

Gordon Haskett analyst Robert Mollins lowered the price target on Uber Inc. (NYSE: UBER) to $71.00 (from $78.00) while maintaining a Hold (3) rating.... More

Bernstein SocGen Group Reiterates Outperform Rating on Uber Inc. (UBER)

May 14, 2024 8:06 AM EDT

Bernstein SocGen Group analyst Nikhil Devnani reiterated an Outperform rating and $95.00 price target on Uber Inc. (NYSE: UBER)

The analyst comments "UBER will be paying $950M for ~$1.7B of GMV on a TTM basis, which implies a multiple of 0.55x Gross... More

Uber to buy Delivery Hero’s Taiwan business for $950 mln

May 14, 2024 2:57 AM EDT

Investing.com-- Uber Technologies Inc (NYSE: UBER) said on Tuesday it had reached an agreement with German food delivery firm Delivery Hero AG (ETR:... More

Uber (UBER) to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan

May 13, 2024 11:06 PM EDT

Uber Technologies, Inc. (NYSE: UBER) and Delivery Hero SE (FSE: DHER) have reached an agreement for Uber to acquire Delivery Heros foodpanda delivery business in Taiwan for $950 million in cash. The acquisition of foodpanda Taiwan is subject to regulatory approval and other customary closing conditions and is targeted to close in the first half of 2025. Separately, the companies have also entered into an agreement for Uber to purchase $300 million in newly issued ordinary shares of Delivery Hero.

Until closing, Delivery Hero is dedicated to continue... More