UBER News and Press, Uber Technologies Inc. From 03/28/23

2023-03-28 06:10:00 ET After coming off a miserable 2022 for the stock market, where the Nasdaq-100 technology index plunged by 33%, Wall Street analysts understandably entered this year with a cautious stance. There are plenty of stocks that appear cheap based on traditional metric...

2023-03-27 16:49:06 ET Lyft ( NASDAQ: LYFT ) has selected board member David Risher as its new CEO, replacing the company's two co-founders as the ride-sharing firm struggles in competition with Uber Technologies ( UBER ). Risher, who previously served as an execut...

2023-03-27 07:20:41 ET Uber Technologies ( NYSE: UBER ) is slated to remove "thousands" of redundant online-only brands from its Uber Eats delivery service in an effort declutter and streamline it for users. The number of virtual brands on the app have grown significantly,...

2023-03-25 20:51:18 ET Summary KBWP invests in United States financial stocks centered on property and casualty insurance. This ETF came out on top of both the financial sector and the market in the past year, but recent macroeconomic events could make this outperformance difficul...

2023-03-23 10:59:09 ET The transportation industry has seen significant changes in recent years with the rise of ride-hailing services like Uber Technologies, Inc. (NYSE: UBER) , Lyft Inc. (NASDAQ: LYFT) , and DiDi Global Inc. (OTC: DIDIY) . The...

2023-03-22 16:00:14 ET Summary The robotaxi service not only saves costs for both the company and the user but Uber also avoids potential labor issues. Its fourth quarter earnings were strong as Uber’s gross bookings increased sharply by 19% and revenues increased 49% in th...

2023-03-22 10:11:27 ET Summary Uber plans to IPO or sale of the Freight division. I estimate the value of this division from $3.5 billion to $6.0 billion. Growth opportunities lie in the delivery segment, particularly in the food and grocery delivery industries, with a projected C...

2023-03-22 03:14:51 ET Summary Uber's management team is likely more competent than its counterpart at Lyft. Uber's mobility division growth rate far surpassed Lyft's growth rate during the pandemic. Today, Uber is receiving a valuation premium compared to Lyft, but I believe ...

2023-03-21 18:29:04 ET Summary The sales growth outlook for Just Eat Takeaway is subdued, with consensus forecasting single-digit growth. We believe the highly probable divestment of Grubhub will highlight underlying weakness in the balance sheet and result in negative sales growt...

2023-03-21 13:47:31 ET Summary Uber has achieved all time highs in drivers and riders. Delivery revenue growth remains resilient in spite of tough comps, and mobility revenue continues to recover from the pandemic. The company remains on track to hit its $5 billion EBITDA targ...