Wall Street appears to have been slowly gaining confidence that Uber (NYSE: UBER) stock recovery – started October 1 – will continue in the next 12 months and take the company to new all-time highs (ATH) in 2027.
Uber sits 30% below its 52-week high while robotaxi fears and weak guidance batter the stock, but one Wall Street analyst just planted a flag that stands far above where even the bulls are willing to go.
In the most recent trading session, Uber Technologies (UBER) closed at $69.25, indicating a -2.9% shift from the previous trading day.
Plus: Rivian spinoff Mind Robotics names veteran of Tesla and Ford as president; diesel futures rise 4.5% and retail prices edge higher.
Sarfraz Maredia will leave the company Nov. 16 to take on a role outside of the autonomous vehicles industry.
UBER expands its Uber Eats retail delivery network through a nationwide Sur La Table partnership, offering premium kitchenware with deliveries in as little as 25 minutes.
The robotaxi market offers significant growth opportunities. According to Market and Markets, the market, valued at $530 million in 2025, is projected to reach $216.8 billion by 2035, registering a compound annual growth rate of 82% during the 2025-2035 period.
UBER's $2.3 billion ezCater buy aims to expand Uber Eats into workplace catering, boost high-value orders and strengthen Uber for Business.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8), the ride-hailing and food delivery company, has agreed to acquire ezCater, a US catering and workplace meals platform, in an all-cash transaction valued at $2.3 billion, the companies announced on Tuesday. The platform handled more than $2.5 billion in gross bookings, the total value of orders placed, over the last 12 months, with year-over-year growth in the high teens.
Uber expects the catering platform, with average orders exceeding $400, to boost its profit margins.
Uber is buying a catering company called ezCater, as it continues to grow the types of services available through its Uber Eats division. It's an all-cash transaction valued at $2.3 billion.