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Uber Technologies

$UBER
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87 stories mentioning Uber TechnologiesUpdated just now

Tigress Financial said Uber is evolving from ride-hailing into a diversified 'everything app' with expanding margins across its services.

Wire

Uber Viewed as Undervalued as Investors Seek Growth, Returns, Oppenheimer Says

Uber Technologies (UBER) shares appear undervalued as investors look for growth, free cash flow and returns on investment, Oppenheimer said Wednesday in a report.Uber's broad network and logistics technology offer an advantage in gaining additional market share in ride-hailing service and online food delivery, areas that still have substantial room for global expansion, the report said.Potential near-term catalysts include expansion into new markets, improvements in freight, new transportation solutions, growth in subscription products, and progress in autonomous technology, Oppenheimer said.Uber trades at 11 times its projected 2027 free cash flow, or 22% below peer averages, even after factoring in $1 billion of additional robotaxi capital spending, the report said.Oppenheimer has an outperform rating on Uber stock and a $100 price target.Price: $69.37, Change: $-1.83, Percent Change: -2.57%

$UBER
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.8%.In corporate news, Paramount Skydance (PSKY) won conditional approval from the European Commission for its acquisition of Warner Bros. Discovery (WBD). Paramount shares rose 2.5%, and Warner gained 0.3%.Uber (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge Gregory Woods, blocking a recently enacted New York City law protecting ride-share drivers from "wrongful deactivations." Uber shares fell 2%, and Lyft slumped 4.2%.Alaska Air (ALK) shares fell 3% after the airline issued a Q3 earnings outlook below market estimates and swung to a Q2 loss as higher fuel costs weighed on results.Philip Morris International (PM) reported better-than-expected Q2 results and reiterated its full-year outlook. The shares climbed 3.3%.

$ALK$LYFT$PM$PSKY$UBER$WBD
Wire

Update: Uber, Lyft Granted Preliminary Injunction Blocking New York City Law Against 'Wrongful Deactivations' of Drivers

(Updates with Uber's response in the fifth paragraph.)Uber Technologies (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge Gregory Woods on Wednesday, blocking a recently enacted New York City law protecting ride-share drivers from "wrongful deactivations."Judge Woods said that each company's agreements with drivers conferred broad authority over platform access, including the right to deactivate a driver without advance notice, which Uber and Lyft use to police the safety of their platforms and their passengers, according to court documents.While the New York City Council law takes into account the hardships that wrongful deactivation imposes on drivers, it does not consider the law's effects on the broader citizenry of the city, whose safety depends in part on swift deactivation of drivers accused of assault, fraud or dangerous conduct, the court order said.A Lyft spokesman toldin an email that the company was "pleased the court recognized the serious safety concerns at the heart of this challenge. Lyft's ability to protect riders is a top priority. We now look forward to making our full case."An Uber spokesperson toldthat the court's opinion underscores that driver fairness and rider safety can and must go hand in hand.Price: $70.85, Change: $-0.70, Percent Change: -0.99%

$LYFT$UBER
Wire

Uber, Lyft Granted Preliminary Injunction Blocking New York City Law Against 'Wrongful Deactivations' of Drivers

Uber Technologies (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge Gregory Woods on Wednesday, blocking a recently enacted New York City law protecting ride-share drivers from "wrongful deactivations."Judge Woods said that each company's agreements with drivers conferred broad authority over platform access, including the right to deactivate a driver without advance notice, which Uber and Lyft use to police the safety of their platforms and their passengers, according to court documents.While the New York City Council law takes into account the hardships that wrongful deactivation imposes on drivers, it does not consider the law's effects on the broader citizenry of the city, whose safety depends in part on swift deactivation of drivers accused of assault, fraud or dangerous conduct, the court order said.A Lyft spokesman toldin an email that the company was "pleased the court recognized the serious safety concerns at the heart of this challenge. Lyft's ability to protect riders is a top priority. We now look forward to making our full case."Uber did not immediately respond to a request for comment.Price: $70.63, Change: $-0.92, Percent Change: -1.29%

$LYFT$UBER
Wire

Uber Technologies' Delivery Hero Deal Could Boost Growth, Profit, UBS Says

Uber Technologies' (UBER) planned Delivery Hero purchase could expand its delivery business, deliver more than $1.2 billion in yearly savings, improve margins after closing and lift earnings, though regulatory approval remains the main risk, UBS said in a note emailed Friday.UBS said Uber has a strong chance of gaining control of Delivery Hero because Prosus plans to sell its stake and Delivery Hero's board supports the offer.The firm said the deal could increase Uber's user base by about 25% and gross bookings by about 22%, strengthening its position against DoorDash (DASH) and other delivery platforms.Uber's $1.2 billion annual savings target appears achievable and may be conservative, helped by combining platforms, removing repeated costs and selling more services to existing customers, while Delivery Hero's Talabat business, planned asset sales and further cost cuts should help Uber recover margins quickly after the deal closes, the firm said.The transaction could add to adjusted earnings per share after its expected closing in H2 2027 and raise adjusted earnings before interest, taxes, depreciation, and amortization by a high-single-digit percentage by the third year, according to the note.UBS kept Uber's buy rating and $110 price target.Price: $71.77, Change: $-2.27, Percent Change: -3.07%

$DASH$UBER
Wire

Gordon Haskett Adjusts Price Target on Uber Technologies to $113 From $114, Maintains Buy Rating

Uber Technologies (UBER) has an average rating of buy and mean price target of $104.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $71.93, Change: $-2.11, Percent Change: -2.85%

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Wire

Uber Technologies' Delivery Hero Deal Could Deliver More Value Than Initial Synergy Estimates, RBC Says

Uber Technologies' (UBER) acquisition of Delivery Hero could create more value than management's initial projections, with several revenue and cost opportunities not reflected in the company's estimated $1.2 billion in annual run-rate synergies, RBC Capital said in a note emailed Friday.The analyst said the deal expands Uber's delivery presence to 99 markets and offers upside through greater cross-platform use of its mobility and delivery services, with management's synergy estimates remaining conservative.RBC said the acquisition could drive additional growth through advertising, quick commerce, marketplace optimization and merchant-funded offers.Uber is expected to shift its capital allocation toward share repurchases after completing the acquisition, the report added.RBC maintained its outperform rating on the stock and its price target of $105.Uber Technologies shares were down 2.4% in Friday trading.Price: $72.35, Change: $-1.69, Percent Change: -2.28%

$UBER
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) gaining 2.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.3%.In corporate news, Verizon Communications (VZ) will sell 274 company-owned retail locations as part of its restructuring efforts, which is expected to impact 3,000 employees, multiple media outlets reported Thursday. Verizon shares rose 2.5%.Uber (UBER) said Thursday it has signed a merger agreement with Delivery Hero in a deal with an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases. Uber shares were up 1%.United Airlines (UAL) raised the low end of its full-year earnings outlook and reported upbeat Q2 results, but the air carrier warned that rising oil prices are expected to add nearly $6 billion to its fuel costs this year. Its shares fell 2.4%.Honda (HMC) informed its US dealers on Thursday that it's halting production of the Honda Prologue, the last electric vehicle in its US lineup, Bloomberg reported, citing an interview with Lance Woelfer, the company's head of US sales operations. Separately, Honda plans to begin production of its UC3 electric motorcycle in Vietnam as early as September, shifting manufacturing from Thailand as it looks to capitalize on growing demand for electric two-wheelers in the country, Nikkei reported Thursday. Honda shares were up 2.9%.

$HMC$UAL$UBER$VZ
Wire

Uber's Delivery Hero Bid Expands Cross Platform Opportunity, Wedbush Says

Uber Technologies' (UBER) acquisition offer for Delivery Hero expands its cross-platform opportunity, Wedbush said in a note Thursday, describing the strategic implication of the deal as net positive.The brokerage said the deal expands Uber's cross-platform markets from 34 to 58, adding more than 50 million eligible cross-platform consumers."Cross-platform users generate ~3x the gross bookings and profits of single-product users," while acquiring those users is "~50% cheaper than paid acquisition channels," Wedbush said.Wedbush said the acquisition supports Uber's push beyond food delivery into the broader $10 trillion global grocery and retail market, with the combined company operating in more than 100 markets.Wedbush has an outperform rating on the stock with a $91 price target.Price: $73.41, Change: $+0.74, Percent Change: +1.02%

$UBER
Sectors

Sector Update: Consumer Stocks Rise in Afternoon Trading

Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) gaining 2.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.In corporate news, Uber (UBER) said Thursday it has signed a merger agreement with Delivery Hero in a deal with an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases. Uber shares were up 1.2%.United Airlines (UAL) raised the low end of its full-year earnings outlook and reported upbeat Q2 results, but the air carrier warned that rising oil prices are expected to add nearly $6 billion to its fuel costs this year. Its shares fell 2%.Honda (HMC) plans to begin production of its UC3 electric motorcycle in Vietnam as early as September, shifting manufacturing from Thailand as it looks to capitalize on growing demand for electric two-wheelers in the country, Nikkei reported Thursday. Honda shares rose 3.1%.XPeng (XPEV) shares climbed 3.1% in Thursday afternoon activity, a day after The Wall Street Journal, citing unnamed sources, reported that the Chinese EV maker plans to launch its IRON humanoid robot globally next year, with monthly production capacity expected to exceed 1,000 units by the end of this year.

$HMC$UAL$UBER$XPEV
Sectors

Sector Update: Consumer

Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) gaining 2.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.In corporate news, Uber (UBER) said Thursday it has signed a merger agreement with Delivery Hero in a deal with an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases. Uber shares were up 1.4%.

$UBER
Wire

Top Midday Stories: Taiwan Semiconductor Q2 Earnings Top Estimates, Increases Capex; UnitedHealth Raises Full-Year Guidance

The S&P 500 and Nasdaq Composite were down in late-morning trading Thursday, while the Dow Jones Industrial Average was up slightly, as Taiwan Semiconductor Manufacturing's (TSM), or TSMC's, latest earnings report dragged down chip stocks.In company news, TSMC reported Q2 earnings Thursday of 27.25 New Taiwan dollars ($0.86) per diluted share, up from NT$15.36 a year earlier and above the FactSet consensus analyst estimate of NT$24.20. Net Q2 revenue was NT$1.270 trillion, up from NT$933.79 billion a year ago and above the FactSet consensus of NT$1.266 trillion. For Q3, the chipmaker said it expects revenue of $44.6 billion to $45.8 billion, above the FactSet consensus of $43.21 billion. Separately, TSMC has reserved an additional $100 billion to increase its chipmaking capacity in the US, raising its total planned investment to $265 billion, Bloomberg reported Thursday, citing a US official. TSMC shares were down 2.1% around midday.UnitedHealth Group (UNH) reported Q2 adjusted earnings Thursday of $6.38 per diluted share, up from $4.08 a year earlier and above the FactSet consensus of $4.91. Second-quarter revenue was $112.03 billion, up from $111.62 billion a year ago and above the FactSet consensus of $110.81 billion. For 2026, the insurance company raised its adjusted EPS guidance to $19.50 to $20 from greater than $18.25. Analysts expect $18.49. UnitedHealth shares were up 3.3%.Abbott Laboratories (ABT) reported Q2 adjusted earnings Thursday of $1.31 per diluted share, up from $1.26 a year earlier and above the FactSet consensus of $1.28. Second-quarter revenue was $12.59 billion, up from $11.14 billion a year ago and above the FactSet consensus of $12.52 billion. For Q3, Abbott said it expects adjusted diluted EPS of $1.38 to $1.46, compared to the FactSet consensus of $1.42. For 2026, the company raised its adjusted EPS guidance to $5.45 to $5.60 from $5.38 to $5.58. Analysts polled by FactSet expect $5.47. Abbott shares were up 11%.Uber Technologies (UBER) on Thursday said it has entered into a business combination agreement with Delivery Hero in a deal with an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases. Under the terms of the deal, Delivery Hero shareholders will receive cash consideration of 41.50 euros ($47.60) per share. Uber shares were up 1.6%.GE Aerospace (GE) reported Q2 adjusted earnings Thursday of $2.02 per share, up from $1.66 a year earlier and above the FactSet consensus of $1.86. Second-quarter revenue was $13.35 billion, up from $11.02 billion a year ago and above the FactSet consensus of $11.87 billion. For 2026, the company raised its adjusted EPS guidance to $7.65 to $7.85 from $7.10 to $7.40. Analysts polled by FactSet expect $7.56. GE shares were down 4.3%.Price: $410.53, Change: $-8.95, Percent Change: -2.13%

$ABT$GE$TSM$UBER$UNH
Sectors

Sector Update: Tech Stocks Fall Premarket Thursday

Technology stocks were falling premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.1% lower.Taiwan Semiconductor Manufacturing (TSM) shares were down nearly 4% even after the company reported higher Q2 earnings and net revenue.Uber Technologies (UBER) stock was up more than 1% after the company disclosed its acquisition offer to buy Berlin-based Delivery Hero in a deal representing an equity value of $14.8 billion, or $13.7 billion adjusted for Uber's prior stake purchases.Baidu (BIDU) shares were up more than 2% after the company said its board approved a plan to pursue a voluntary conversion to a dual-primary listing on the Hong Kong Stock Exchange, while maintaining its primary listing on the Nasdaq.

$BIDU$TSM$UBER$XLK$XSD
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday

Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.2%.Conagra Brands (CAG) shares were down more than 6% after the company reported a decline in fiscal Q4 adjusted earnings and issued fiscal 2027 adjusted EPS outlook below analysts' expectations.eBay's (EBAY) proposed acquisition of Depop received clearance from the UK Competition and Markets Authority, the regulator said. eBay shares were 0.6% higher premarket.Uber Technologies (UBER) has formed a new partnership with GameStop (GME) that will allow customers to order video games, consoles, accessories from GameStop locations nationwide via Uber Eats marketplace, the companies said. GameStop stock was up 0.3% pre-bell.

$CAG$EBAY$GME$UBER$XLP$XLY
Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.Redbook US same-store sales rose by 8.2% from a year earlier in the week ended July 11 after an 11.5% year-over-year increase in the previous week. "Discounts continue to drive sales performance and often vary weekly based on store promotions and product availability," Redbook said.In corporate news, Lucid (LCID) on Tuesday denied rumors of exploring a potential bankruptcy filing. "The rumors are completely false," the company said in an emailed statement to. Lucid said it has "sufficient liquidity to carry its operations well into next year" and has not created a special board committee to assess the scenarios reported. Lucid shares were down past 15%.Yum! Brands' (YUM) Taco Bell has stopped serving lettuce and cilantro at some restaurants in the Detroit metro area amid a growing cyclosporiasis outbreak in Michigan, multiple news outlets reported Tuesday. Yum! Brands shares were shedding 2.5%.Uber (UBER) is in advanced talks with Delivery Hero regarding a potential takeover of the German food-delivery company, Delivery Hero said on Tuesday. Uber shares were down 2.8%.Thomson Reuters (TRI) said Tuesday it has agreed to sell a 51% stake in its global print unit to KKR (KKR) for roughly $500 million in a joint venture transaction expected to close in Q4. Thomson Reuters shares were shedding 1.5%.

$LCID$TRI$UBER$YUM
Sectors

Sector Update: Consumer Stocks Decline Tuesday Afternoon

Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.Redbook US same-store sales rose by 8.2% from a year earlier in the week ended July 11 after an 11.5% year-over-year increase in the previous week. "Discounts continue to drive sales performance and often vary weekly based on store promotions and product availability," Redbook said.In corporate news, Uber (UBER) is in advanced talks with Delivery Hero regarding a potential takeover of the German food-delivery company, Delivery Hero said on Tuesday. Uber shares were down 2%.Thomson Reuters (TRI) said Tuesday it has agreed to sell a 51% stake in its global print unit to KKR (KKR) for roughly $500 million in a joint venture transaction expected to close in Q4. Thomson Reuters shares were shedding 1%.TaskUs (TASK) shares climbed 4.4% after investment management firm Dalton Investments disclosed in a regulatory filing that it owned around 2.1 million shares in the company, or about 5.8% of the outstanding shares.

$TASK$TRI$UBER
Sectors

Sector Update: Consumer

Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.3%.In corporate news, Uber (UBER) is in advanced talks with Delivery Hero regarding a potential takeover of the German food-delivery company, Delivery Hero said on Tuesday.

$UBER
Wire

Update: Uber in Advanced Talks Regarding Potential Takeover of Delivery Hero

(Updates with confirmation of talks from Delivery Hero.)Uber Technologies (UBER) is in advanced talks with Delivery Hero regarding a potential takeover of the German food-delivery company, Delivery Hero said on Tuesday.A deal would likely value Delivery Hero well above its recent trading price of about 36 euros ($41.23) per share, Bloomberg News reported, citing people familiar with the matter.Uber didn't immediately reply to requests for comment from.Price: $73.16, Change: $-1.10, Percent Change: -1.48%

$UBER
Wire

Top Midday Stories: June CPI Falls More Than Expected; IBM Shares Drop After Company Provides Update on Q2 Earnings 'Shortfall'

All three major US stock indexes were up in late-morning trading, as the big banks kicked off earnings season with strong reports and the latest consumer price index report showed inflation fell more than expected.The US seasonally adjusted consumer price index fell by 0.4% in June, compared to expectations of a 0.1% decline in a survey compiled by Bloomberg as of 7:35 a.m. ET and following a 0.5% increase in May, the Bureau of Labor Statistics said Tuesday. Core CPI, which excludes food and energy prices, held steady, compared to the consensus estimate of a 0.2% gain. Core CPI rose by 0.2% in May. The year-over-year rates for headline and core CPI slowed to 3.5% and 2.6%, respectively, from 4.2% and 2.9% in May.In company news, IBM (IBM) said Tuesday it expects Q2 operating earnings of $2.93 per diluted share, up from $2.80 a year earlier but below the FactSet consensus analyst estimate of $3.01. Second-quarter revenue is expected to rise 1% to $17.2 billion, below the FactSet consensus of $17.86 billion. IBM Chief Executive Arvind Krishna said that most of Q2's "shortfall" was due to the company failing to close "numerous large deals" on expected timelines. The company is scheduled to release its Q2 results on July 22. IBM shares were down 26.1% around midday.JPMorgan Chase (JPM) reported Q2 earnings Tuesday of $7.70 per diluted share, up from $5.24 a year earlier and above the FactSet consensus of $5.59. Second-quarter revenue was $57.35 billion, up from $44.91 billion a year ago and above the FactSet consensus of $51.09 billion. JPMorgan shares were up 2.4%.Bank of America (BAC) reported Q2 earnings Tuesday of $1.21 per diluted share, up from $0.90 a year earlier and above the FactSet consensus of $1.13. Second-quarter revenue was $31.56 billion, up from $27.44 billion a year ago and above the FactSet consensus of $30.78 billion. Bank of America shares were up 2.5%.Wells Fargo (WFC) reported Q2 earnings Tuesday of $2.00 per diluted share, up from $1.60 a year earlier and above the FactSet consensus of $1.72. Second-quarter revenue was $22.62 billion, up from $20.82 billion a year ago and above the FactSet consensus of $21.86 billion. Wells Fargo shares were down 2.2%.Citigroup (C) reported Q2 net income Tuesday of $3.15 per diluted share, up from $1.96 a year earlier and above the FactSet consensus of $2.74. Second-quarter revenue was $24.77 billion, up from $21.67 billion a year ago and above the FactSet consensus of $23.74 billion. Citigroup shares were down 4.3%.Goldman Sachs (GS) reported Q2 earnings Tuesday of $20.98 per diluted share, up from $10.91 a year earlier and above the FactSet consensus of $14.51. Second-quarter revenue was $20.34 billion, up from $14.58 billion a year ago and above the FactSet consensus of $16.23 billion. Goldman shares were up 7.7%.Uber Technologies (UBER) is in advanced talks to buy Delivery Hero, with the ride-sharing giant aiming to reach an agreement as soon as this week, Bloomberg reported Tuesday, citing people familiar with the matter. A deal would likely value the German food-delivery company well above its recent trading price of about 36 euros ($41.23) per share, the report said, citing the people. Uber shares were down 2.5%.The US has approved the sale of Nvidia (NVDA) and Advanced Micro Devices (AMD) advanced AI hips to a ZTE unit and two other Chinese firms, Reuters reported Tuesday, citing documents and two sources familiar with the matter. Nvidia shares were up 2.6%, while AMD shares were up 5.6%.Price: $214.15, Change: $-76.08, Percent Change: -26.21%

$AMD$BAC$C$GS$IBM$JPM$NVDA$UBER$WFC
Wire

Market Chatter: Uber Said to Be in Advanced Talks to Take Over Delivery Hero

Uber Technologies (UBER) is in advanced talks to buy Delivery Hero, with the ride-sharing giant aiming to reach an agreement as soon as this week, Bloomberg reported Tuesday, citing people familiar with the matter.A deal would likely value the German food-delivery company well above its recent trading price of about 36 euros ($41.23) per share, the report said, citing some of the people.Uber and Delivery Hero didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $73.37, Change: $-0.89, Percent Change: -1.20%

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