Zacks.com users have recently been watching Uber (UBER) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Technical analysis shows that the outlook is strong for Uber stock, as minor mixed signals in the indicators are unable to offset the major bullish indications. Fundamental analysis reflects a favourable setup, with the valuation being overall cheap and growth being at healthy levels. Bill Ackman's bet on the company is highly justified, with both technicals and fundamentals supporting his decision. Therefore, I initiate Uber stock at a buy rating.
Review Uber's (UBER) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Uber Technologies (UBER -0.41%) entered the limelight when billionaire investor Bill Ackman disclosed his ownership of 30.3 million shares (worth more than $2 billion) in the ride-hailing company.
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Uber is accusing DoorDash of “coercive” behavior in a new lawsuit against its delivery rival. The suit, as reported Friday (Feb. 14) by The Wall Street Journal (WSJ), alleges that DoorDash pushes restaurants to work exclusively with its delivery service, threatening higher commission rates for establishments that also use Uber Eats.
Investors should always keep an eye on billionaire money managers. These are usually some of the best investors in the game and have the track record to back it up.
Bill Ackman, the legendary billionaire hedge fund manager over at Pershing Square Capital Holdings, has a new position, and it's caused quite the bullish crowd to come herding over.
Uber filed suit against its food delivery rival DoorDash on Friday, seeking unspecified damages. Uber says DoorDash has cost Uber millions of dollars in revenue through anti-competitive practices.
Ride-share giant Uber filed a lawsuit Friday against DoorDash, accusing the delivery giant of stifling competition by intimidating restaurant owners into exclusive deals.