An Israeli ministerial committee on Sunday approved a law that would allow shared ride hailing services such as Uber and Lyft to operate in Israel in a bid to lower taxi costs.
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Uber remains a compelling "Buy" after a recent 10% dip, with robust fundamentals and accelerating delivery growth. UBER's delivery segment, especially grocery, is a massive, underpenetrated $10 trillion opportunity, with only ~1% market share currently. Despite intensifying competition from Lyft and DoorDash, UBER maintains strong bookings growth and expanding adjusted EBITDA margins.
The average of price targets set by Wall Street analysts indicates a potential upside of 31.3% in Uber (UBER). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Reclassifying cannabis is an inflection point on the way to its becoming regulated, taxed and sold like alcohol and nicotine.
Baidu edges ahead of Uber in the AV race, backed by global robotaxi rollout, stronger earnings outlook and valuation.
Uber Technologies (UBER) reached $87.59 at the closing of the latest trading day, reflecting a +1.62% change compared to its last close.
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UBER renews its global mapping deal with TomTom, boosting routing precision and efficiency across its platform.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) has earned a repeat ‘Buy' rating from Jefferies analysts who believe that the recent pullback tied to renewed autonomous vehicle (AV) concerns has created an attractive entry point. Uber shares have fallen about 17% since late September, leaving the valuation near last year's lows despite what the analysts see as limited near-term competitive impact from AVs.