Uber Technologies UBER, a leading ride-hailing company, is set to report second-quarter 2024 results on Aug 6, before market open.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Uber (UBER), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
In the competitive environment of the gig economy, Uber Technologies Inc. (UBER, Financial) has succeeded in capturing market share through brand presence, expanding operations in new geographies and was added to the S&P 500 Index. The company generated positive net income for the first time in 2023, though that was due to its unrealized gain position in its Aurora investment.
BofA Securities analyst Justin Post reiterated a Buy rating on Uber Technologies, Inc. UBER, with a price forecast of $87.
Uber on Wednesday (July 31) announced a multiyear strategic partnership aimed at integrating 100,000 BYD electric vehicles (EVs) into its platform across several key global markets. The initiative will begin in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia and New Zealand.
Uber Technologies Inc (NYSE:UBER) stock is on the rise today, after the rideshare giant announced a partnership with BYD with the goal of putting drivers into 100,000 electric vehicles (EV).
Uber Technologies (UBER) reports earnings Tuesday morning, with the ride-share giant looking to improve on its performance in the first quarter, when Uber reported a surprise loss due to over $700 million in adjustments related to the company's investments.
Uber Technologies and Chinese automaker BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally.
Uber plans to use 100,000 electric BYD cars on its ride-hailing platform, starting in Europe and Latin America, the two companies announced Wednesday. The companies will also develop "autonomous-capable vehicles" for Uber's ride-hailing platform, the press release said.
Uber Technologies (UBER) reachead $63.76 at the closing of the latest trading day, reflecting a -0.99% change compared to its last close.
The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state.