Uber Technologies (UBER) announced a slate of new features focused on affordability at its annual Go-Get event on Wednesday, along with details for its partnerships with OpenTable and Volkswagen.
The ride-sharing app has been looking to invest in more affordable transport and delivery offerings to widen its user base and combat slowing revenue growth in an uncertain economic environment.
Ride-hail and delivery giant Uber is introducing cheap, fixed-route rides along busy corridors during weekday commute hours in major U.S. cities – one solution to a world that feels, for most people, more expensive everyday.
There are many notable ‘duos' in the market, a list that includes Uber Technologies UBER and Lyft LYFT. Both companies facilitate the same type of service, though UBER's reach does extend to food delivery and others as well.
Explore Uber's (UBER) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
Serve Robotics Inc. is eyeing a near-term ramp up of delivery robots with Uber Eats. The business case comes with high uncertainty regarding Serve's utilization target, the business model's profitability potential, and deals past the partnership with Uber. Serve currently burns through a significant amount of cash, but the strong balance sheet after an opportunistic equity raise should support cash burn to the end of 2026.
Earnings releases led to a slump in Uber shares and a surge in Lyft shares last week. Outlook for both look decent.
Uber's scale and dual-platform interoperability enhance user experience and driver efficiency, offering a competitive edge over standalone players like Lyft and DoorDash. Significant cost advantages, including insurance savings and operational efficiencies, are driving Uber's profitability and gross profit margin expansion. Uber One subscription service increases user loyalty, reduces churn, and boosts transaction frequency, further solidifying Uber's market position.
Uber (UBER 0.63%) reported a quarterly financial update that affected how I rate the stock.
With Uber providing strong second-quarter guidance for gross bookings, we analyze whether investors should consider buying the stock currently.
UBER's Q1 report showed a mixed start, with a bottom-line beat but a top-line miss, and strong free cash flow generation. Despite decelerating growth in gross bookings and adjusted EBITDA, UBER's AV ambitions are progressing well with new partnerships and high utilization rates. Valuation shows limited upside, but strong stock momentum and long-term growth potential justify maintaining a BUY rating, emphasizing a "buy-on-any-weakness" strategy.