135 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.
Uber Technologies (UBER) has an average rating of buy and mean price target of $102.54, 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)
(Updates with more details on the transaction in the headline and second paragraph.)Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company expects the transaction to raise around 4 billion euros, although the deal could be expanded, according to separate people familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(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.)
Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(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.)
Uber Technologies (UBER) will benefit from the long-term trend for autonomous vehicles, Wedbush said in a Tuesday note.Wedbush analysts said that the transition to autonomous vehicles will be a "rising tide" for all industry players, including Tesla (TSLA) and Alphabet's (GOOG, GOOGL) Waymo. Uber will play a key role specifically as a significant component of the network and distribution layer, as operators will need a partner to build out their networks, the analysts said.Uber has aggressively entered into partnerships with autonomous vehicle providers to solve the challenge of supply fragmentation, the analysts said. They also said that while investors remain concerned about autonomous vehicles, early indicators currently favor the company, with Uber AV Mobility Trips up 10 times from a year ago and are currently live in eight cities.Further, the company's autonomous vehicles business is not showing signs of taking trips away from human drivers, the analysts noted.The company is on track to be facilitating autonomous vehicle trips in around 15 cities by the end of 2026, and targets to be the largest facilitator of such trips globally by 2029.According to the note, Uber expects to allot more than $10 billion of capital over the next few years as it scales operations through equity investments, infrastructure and vehicle offtake commitments, according to the note.Wedbush's rating on the company's stock is outperform with a price target of $91.Price: $73.59, Change: $-2.17, Percent Change: -2.86%
Andrew Macdonald, President and Chief Operating Officer, on September 04, 2026, executed a purchase for 70,000 shares in Uber Technologies (UBER) for $5,308,064. Following the Form 4 filing with the SEC, Macdonald has control over a total of 426,320 common shares of the company, with 426,320 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1543151/000207176126000011/xslF345X05/primarydocument.xml
Uber Technologies (UBER) scheduled investor meetings on Sept. 7 and 8 for a potential maiden five-part euro bond sale, Bloomberg News reported Monday, citing an unnamed person familiar with the matter.The company engaged Goldman Sachs (GS), BNP Paribas, Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) as bookrunners for the proposed transaction, the news outlet quoted the person as saying.The debt offering is slated to include fixed-rate notes for three-, six-, eight-, 12-, and 20-year maturities, Bloomberg News reported, citing the person.Uber, Goldman Sachs, BNP Paribas, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(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.)
Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.In corporate news, Sirius XM (SIRI) shares gained 7.8% after Deutsche Bank upgraded the company's stock to buy from hold and raised its price target to $45 from $31.Amazon (AMZN) Teamsters launched a one-day unfair labor practice strike Wednesday at the company's largest US warehouse facility in Riverside, California, the union said in a release. Amazon shares were up 0.1%.Uber (UBER) is reducing its workforce by about 10% as part of restructuring efforts aimed at removing management layers and reducing "complexity" across the business. Uber shares rose 1.7%.G-III Apparel (GIII) shares fell 11% after it reported lower fiscal Q2 net sales and issued fiscal Q3 outlook below expectations.
(Updates with Uber's comment in the first and second paragraphs, and adds Uganda in the headline.)Uber Technologies (UBER) is ceasing operations in Nigeria and Uganda, effective immediately, following a review, a company spokesperson said in an email toon Wednesday.This decision does not impact Uber's operations across the rest of Africa, the spokesperson added.Multiple media outlets, including Reuters, earlier reported that Uber has shut down operations in Nigeria after 12 years.Price: $76.80, Change: $+1.56, Percent Change: +2.07%
Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.In corporate news, Uber (UBER) is reducing its workforce by about 10% as part of restructuring efforts aimed at removing management layers and reducing "complexity" across the business. Uber shares rose over 2%.Brown-Forman (BF.A, BF.B) reiterated its guidance for fiscal 2027 organic sales on Wednesday as it flagged continuing consumer headwinds that drove weaker-than-expected Q1 top-line. Its shares rose past 3%.G-III Apparel (GIII) shares fell 9% after it reported lower fiscal Q2 net sales and issued fiscal Q3 outlook below expectations.Chipotle Mexican Grill (CMG) shares rose 2.2% after it said Wednesday it has opened its first restaurant in Asia in Seoul, South Korea, in partnership with Sangmidang.
Consumer stocks were higher Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.In corporate news, Uber (UBER) is reducing its workforce by about 10% as part of restructuring efforts aimed at removing management layers and reducing "complexity" across the business. Uber shares rose 2.2%.
Uber Technologies' (UBER) 10% workforce reduction is expected to generate about $1.75 billion in total run-rate cost savings, with most or all of the savings likely to be reinvested in growth initiatives, Wedbush said in a note Wednesday.The brokerage said the move appears to come from a position of strength rather than weakness, with Uber seeking a leaner organization, fewer management layers and faster investment in growth. It expects the move to support growth while maintaining the company's margin expansion trajectory.Wedbush said the reductions are primarily focused on coordination roles, with employees more than seven layers from the CEO reduced by 20% and micro teams by about 50%.The brokerage also noted Uber has combined its three delivery operations teams into consolidated global, regional and country teams.Wedbush has an outperform rating and a $91 price target on the company's stock.Shares of Uber were up 2.5% in Wednesday afternoon trading.Price: $77.09, Change: $+1.85, Percent Change: +2.46%
Delivery Hero's Management and Supervisory Boards jointly recommended that shareholders accept Uber Technologies' (UBER) takeover offer, according to a company release.The boards said Uber's offer of 41.50 euros ($48.10) per Delivery Hero share is "fair and adequate."The acceptance period is expected to end on Nov. 5, they said.Price: $77.15, Change: $+1.91, Percent Change: +2.54%
Uber Technologies (UBER) will cease operations in Nigeria after 12 years, multiple news outlets reported Wednesday, citing a notice to customers sent by the company.The ride-hailing firm said it decided to wind down its Nigerian business, effective Sept. 2, following a review of its operations, without disclosing further details, Reuters reported.Uber did not immediately respond to a request for comment from.Price: $76.91, Change: $+1.67, Percent Change: +2.22%
Delivery Hero's Board Recommends Shareholders Accept Uber's Takeover Bid
Street Color: Uber to Reportedly Cease Operations in Nigeria
All three major US stock indexes were up in late-morning trading Wednesday, as the recent run-up in Treasury yields eased.In company news, Dell Technologies (DELL) reported fiscal Q2 adjusted earnings late Tuesday of $7.04 per diluted share, up from $2.32 a year earlier and above the FactSet consensus analyst estimate of $4.91. Fiscal Q2 revenue was $46.97 billion, up from $29.8 billion a year ago and above the FactSet consensus of $44.89 billion. For fiscal Q3, the company expects adjusted EPS of $6.50 on revenue of $49 billion. Analysts polled by FactSet expect $4.46 and $41.36 billion, respectively. For the full year, Dell expects adjusted EPS of $25.50 on revenue of $192 billion, up from its previous guidance of adjusted EPS of $17.90 on revenue of $167 billion and above the FactSet consensus of $18.99 and $174 billion, respectively. Dell shares were up 4.9% around midday.Uber Technologies (UBER) is laying off about 10% of its workforce as part of a restructuring plan, Chief Executive Dara Khosrowshahi said Wednesday in an email to employees that was shared on the company website. Uber had about 34,000 employees at the end of 2025, according to a regulatory filing. Uber shares were up 1.4%.Nvidia (NVDA) is in late-stage talks to buy Hugging Face, an artificial intelligence startup, in a deal that may total about $14 billion, Bloomberg reported Wednesday, citing people familiar with the matter. The companies may strike a deal as early as this week that could include a $1 billion retention package for Hugging Face workers, the report said, citing one of the people. Nvidia shares were up 4.1%.Palo Alto Networks (PANW) reported fiscal Q4 adjusted EPS late Tuesday of $1.02, up from $0.95 a year earlier and above the FactSet consensus of $0.98. Fiscal Q4 revenue was $3.41 billion, up from $2.54 billion a year ago and above the FactSet consensus of $3.35 billion. For fiscal Q1, the company expects adjusted EPS of $0.96 to $0.98 on revenue of $3.30 billion to $3.31 billion, above the FactSet consensus of $0.93 and $3.22 billion, respectively. For fiscal 2027, the company expects adjusted EPS of $4.16 to $4.19 on revenue of $14.10 billion to $14.20 billion, above the FactSet consensus of $4.10 and $13.84 billion, respectively. Additionally, Palo Alto Networks said late Tuesday it acquired Console, an AI-native platform that enables agentic capabilities. Financial terms were not disclosed. Palo Alto shares were down 8.1%.Gitlab (GTLB) reported Q2 adjusted EPS late Tuesday of $0.24, unchanged from a year earlier and above the FactSet consensus of $0.18. Second-quarter revenue was $286.3 million, up from $236.0 million a year ago and above the FactSet consensus of $273.1 million. For Q3, Gitlab expects adjusted EPS of $0.19 to $0.20 on revenue of $281 million to $283 million, above the FactSet consensus of $0.18 and $280.9 million, respectively. For fiscal 2027, the company expects adjusted EPS of $0.85 to $0.87 on revenue of $1.129 billion to $1.133 billion, above the FactSet consensus of $0.81 and $1.12 billion, respectively. Gitlab shares were up 17.4%.Price: $445.24, Change: $+20.24, Percent Change: +4.76%
Uber Technologies (UBER) is reducing its workforce by about 10% as part of restructuring effors aimed at removing management layers and reducing "complexity" across the business.The ride-hailing company will remove 50% of microteams that had one or two reports and cut back employees who are more than seven layers from the chief executive by 20%, CEO Dara Khosrowshahi said in an internal email published online Wednesday."We will be reducing the size of our team by about 10%," Khosrowshahi wrote. Uber's growth in the last five years has resulted in "more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale."The company had about 34,000 employees globally as of Dec. 31, 2025, according to Uber's latest annual report.As part of the restructuring, Uber is consolidating key business units to avoid duplication and slow decision-making, including integrating delivery operations teams for restaurants, retail and direct into a single unit, as well as combining its core services engineering and science teams."A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating," Khosrowshahi said. "It will also generate savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years."In June, the company slashed 23% of staff in its people division, cutting its total workforce by "well under 1%," CNBC reported, citing an Uber spokesperson.Last month, Uber reported second-quarter revenue short of Wall Street's estimates and provided soft bookings guidance for the third quarter, with the midpoint below the consensus estimate.Uber shares were up 1.3% Wednesday morning and are down by about 7.3% this year.Price: $75.96, Change: $+0.72, Percent Change: +0.95%
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Wednesday as traders observed global bond yields continuing to increase amid inflation concerns.Dow Jones Industrial Average futures were 0.2% higher, but S&P 500 futures were up 0.1%, and Nasdaq futures were down 0.1%.The US 10-year Treasury note yield reached a high of 4.814%, while borrowing costs in the UK, Germany and France also increased.US Central Command said in a post on X that US forces completed a wave of strikes against Iranian military targets on Tuesday. Iran attacked US allies Kuwait and Bahrain in response.President Donald Trump said he was not trying to force Iran back into negotiations. "I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing," Trump said in a post on Truth Social.Broadcom (AVGO) is scheduled to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.22 per share on revenue of $29.24 billion.Oil prices are lower, with front-month global benchmark North Sea Brent crude down 0.4% at $94.29 per barrel and US West Texas Intermediate crude 0.7% lower at $89.55 per barrel.ADP's national employment report showed that private sector employment increased by 38,000 in August, below expectations for a 47,000 gain in a survey compiled by Bloomberg.July factory orders, due at 10 am ET, are expected to have gained 0.7%, compared with a decline of 0.3% previously. The Fed's Beige Book report will be released at 2:00 pm ET.In other world markets, Japan's Nikkei closed 2.9% lower, Hong Kong's Hang Seng ended 0.1% lower, and China's Shanghai Composite finished 1% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Dell Technologies (DELL) stock rose 8.8% after the company posted higher fiscal Q2 adjusted earnings and revenue in addition to lifting its full-year guidance. Uber Technologies (UBER) shares were up 1.9% after Chief Executive Dara Khosrowshahi said in an email to employees that the company is laying off roughly 10% of its workforce as part of a restructuring effort. Hewlett Packard Enterprise (HPE) stock was 4.4% higher after Tottenham Hotspur Football Club said it has expanded its partnership with the company to modernize the technology infrastructure for the club's stadium, including hybrid cloud, networking and artificial intelligence-driven operations.On the losing side, Palantir Technologies (PLTR) shares fell 1.7% after former Ukrainian Defense Minister Mykhailo Fedorov said Tuesday in a post on X that Chief Executive Alex Karp will become the first lead investor in his defense tech startup. Manulife Financial (MFC) stock was 3.7% lower after company said Tuesday it priced a $750 million public offering in the US of 6.146% subordinated notes due 2041.
Uber Technologies (UBER) is laying off roughly 10% of its workforce as part of a restructuring effort to simplify team structures, remove management layers and reduce roles primarily focused on coordination, Chief Executive Dara Khosrowshahi said in an email to employees Wednesday."I realize this is a lot of change, but we decided it was better to make one big shift rather than multiple small ones," Khosrowshahi wrote.The layoffs include reducing roles that are focused on coordination, and clarifying the responsibilities of coordination roles that remain.Shares of Uber were up 2% pre-bell.
Uber Technologies (UBER) has an average rating of buy and mean price target of $102.53, 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)
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