Latest news with #UBER
Yahoo
15 hours ago
- Business
- Yahoo
Legendary Investor Josh Brown Is Betting Big on This 1 Robotaxi Stock (Hint, It's Not Tesla)
Ritholtz Wealth Management chief executive Josh Brown expects Uber (UBER) shares to remain a top beneficiary of the booming autonomous vehicle market. In fact, the ride-hailing giant is currently his largest personal holding because of that conviction, he revealed in a recent interview with CNBC. Tesla's Robotaxis Reportedly Sped and Veered Into the Wrong Lanes. Does This Crush the Bull Case for TSLA Stock? Dear Micron Stock Fans, Mark Your Calendars for June 25 Up 93% in 2025, Palantir Stock Is Too Hot to Handle Here Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Uber stock has been in a sharp uptrend in recent months – and is currently up some 50% versus its April low. Brown's bullish remarks on Uber shares arrive shortly after the mobility firm extended its robotaxi services to Atlanta, which the market veteran dubbed 'super important' in his CNBC interview. According to him, self-driving vehicles from all OEMs (Tesla (TSLA), Waymo, or any other) is a massive positive for UBER as the technology removes the human driver – 'the most expensive part of the experience for both the consumer and the company.' The Ritholtz chief executive believes the NYSE-listed firm will continue to sign new partnerships with autonomous businesses, which he's convinced will deliver a meaningful boost to its profitability over time. On Wednesday, Josh Brown also confirmed that he wouldn't sell UBER stock even if it surpasses $100 in the weeks ahead. Josh Brown expects self-driving partnerships to bolster UBER's already strong financials. In May, the ride-hailing giant reported $0.83 of EPS for its fiscal Q1 – well above Street estimates. Investors should also note that the NYSE-listed firm already has about a dozen partnerships with autonomous players. Just this month, it teamed up with Wayve on 'level 4' self-driving vehicles in London. That made Justin Post – a senior Bank of America analyst – reiterate his 'Buy' rating on Uber shares with a price target of $97, which indicates potential for another 8% rally from current levels. UBER does not currently pay a dividend, though. Wall Street analysts seem to share Brown's optimism on UBER stock, given the consensus rating on the ride-hailing giant currently sits at 'Strong Buy.' Analysts' price targets on Uber Technologies go as high as $115 at the time of writing, indicating potential upside of more than 25% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Forbes
a day ago
- Business
- Forbes
Signal: This Rideshare Stock Has Cheap Options, Room To Run
Don't think UBER's drive up the charts is running out of gas. Rideshare firebrand Uber Technologies (UBER) boasts a 53.6% year-to-date gain. Despite a post-earnings bear gap back in early May, UBER proved resilient, and nabbed a May 20 record high of $93.60. Now, the shares are testing this level once more, and could barge on through, with this bullish combination flashing. UBER's new highs are coinciding with historically low implied volatility (IV) -- a combination that has been bullish for the stock in the past. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, there have been five other instances when Uber stock was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) sat in the 20th annual percentile or lower -- as it the case with Garmin's current SVI of 32%, in the 7th annual percentile. The data shows that one month after those six previous signals, UBER was higher 60% of the time, averaging a 3.7% gain. From its current perch at $92.81, that would mean barreling past that May 20 high, an area that turned the stock away earlier this week. The enticing technical setup goes deeper than that, though. Note in the chart below the shares' 50-day moving average that contained pullbacks between the two peaks in the last two months. Shorter term, a breakout from current levels would form a bullish flag pattern. Further, note the trendlines connecting late December bottom to April 2025 lows just below $65, as well as then-record highs in October with the May peak. All of the trendlines fit within a bullish uptrend channel that UBER is in, and shows no signs of breaching. UBER Stock Chart With 50-Day Moving Average Should Uber Technologies stock resume its uptrend, analyst adjustments to the upside could provide tailwinds. It may have already begun; earlier this week, brokerage firm Cantor Fitzgerald hiked its UBER price target to $106, and more bull notes could be on the way. The equity's consensus 12-month price target of $96.87 is only a 4% premium to its current perch, while 10 brokerages are on the sidelines with tepid 'hold' ratings. Breaking through to new record highs could compel analysts to jump on board for the long term.
Yahoo
3 days ago
- Business
- Yahoo
Uber's Growth Is Slowing in Key Markets—Is Waymo the Reason?
Uber Technologies, Inc. (NYSE:UBER) is one of the . On June 23, Citizens JMP analyst Andrew Boone reiterated a 'Market Perform' rating on the stock based on limited near-term impact from Waymo's independent expansion. Analysts are incrementally positive on Uber shares despite a significant slowdown in growth in San Francisco, and mileage growth falling behind supply growth. This slowdown reflects deteriorating quarter-over-quarter utilization of Waymo vehicles. Despite the challenges in utilization, what makes the firm positive on the shares is its estimate that Waymo One currently maintains positive unit-level gross profit margins of approximately 18%. It is also expected that Waymo will continue to launch its Waymo One service in new markets independently instead of partnering with Uber. This, the firm believes, will help it to enhance its direct-to-consumer relationships, that was a success in endeavours such as Uber Eats and advertising. While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT:10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Uber Technologies (UBER) Introduces ‘Ride Offers' Advertising Format Across Global Markets
Uber Technologies, Inc. (NYSE:UBER) is one of the 10 best AI stocks to buy according to billionaire David Tepper. On June 17, the company announced a new product that aims to introduce a novel advertising format. Dubbed 'Ride Offers,' the product allows brands to sponsor or discount user rides. 'Ride Offers' will operate under Uber Advertising and be accessible to riders in New Zealand, Australia, Mexico, Brazil, the United Kingdom, Canada, and the United States. According to Uber, 'Ride Offers' will allow riders to benefit from discounted or even free rides funded by advertisers. On the other hand, advertisers will gain customer loyalty and brand affinity when they sponsor rides. The company also cites research from NRG, which indicates that 65% of Uber users agree that ads with direct discounts or money-off stand out. It also found that 64% of riders feel more positive about the brand offering such promotions. Uber Technologies, Inc. (NYSE:UBER) is a global mobility and delivery platform. It operates through three main segments: Mobility (offers ridesharing, car rentals, micromobility, and public transit options), Delivery (for food, grocery, and retail delivery through Uber Eats and white-label logistics via Uber Direct), and Freight (a digital marketplace connecting shippers and carriers). While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Goldman Sachs China Stocks: 10 Stocks to Buy and 10 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing. Disclosure: None. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Uber Stock Soars 52% YTD. Here's Why More Upside Is in Store.
Uber (UBER) stock has delivered a significant return in 2025, rising 51.9% year-to-date and far outpacing the broader market, with the S&P 500 Index ($SPX) up just 3.8% over the same period. The rally reflects investor confidence in Uber's growing role as more than just a ride-hailing company. Uber is evolving into a multi-faceted platform with diverse revenue streams and significant long-term potential. Uber has steadily expanded beyond rides to include food and grocery delivery, as well as advertising. Its growing advertising business, powered by its extensive user data and scale, is starting to show promise. Meanwhile, Uber One, its all-in-one membership program, is helping deepen customer loyalty and drive usage across services, boosting both frequency and retention. Super Micro Computer Just Struck a Deal with Ericsson. Should You Buy SMCI Stock Here? CEO Jensen Huang Just Sold Nvidia Stock. Should You? Broadcom Just Got a New Street-High Price Target. Should You Buy AVGO Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Notably, Uber is also positioning itself at the forefront of the autonomous vehicle (AV) revolution. With around 170 million monthly active platform consumers (MAPCs), Uber holds a significant advantage. It can serve as a key demand aggregator for AV manufacturers and is quickly becoming the go-to marketplace where AV supply meets rider demand. The company's high utilization network makes it an attractive partner for AV firms looking to maximize efficiency and occupancy. Furthermore, Uber has been rapidly expanding its AV footprint. It's now running at a pace of 1.5 million autonomous Mobility and Delivery trips annually across its platform. In March, Uber launched an exclusive partnership with Waymo in Austin, with Atlanta recently added to the list. More expansion is underway, with plans to scale to hundreds of AVs in Austin alone. Strategically, Uber isn't betting on just one AV partner. It is building a global AV ecosystem. The company has struck 18 partnerships worldwide. In the U.S., Uber is working with Volkswagen (VWAGY) to bring fully autonomous vehicles onto its platform. Internationally, it has expanded its relationship with WeRide (WRD) to cover 15 new cities over the next five years and is preparing for a European rollout with its new partner, Momenta, early next year. Uber is also making headway in autonomous delivery. Through partnerships with Coco, Serve (SERV), and Avride, it's rolling out self-driving delivery services in cities like Chicago, Miami, Dallas, and Jersey City. While these long-term initiatives are exciting, Uber's core businesses are performing well. In Q1 2025, user engagement surged, with total trip volume increasing by 18% year-over-year. Uber's ability to retain users also remained high, and the supply side is equally strong, with more drivers joining the platform. The company's financials reflect that momentum. Its adjusted EBITDA grew 35% in the first quarter, and free cash flow reached $2.3 billion. While Uber's user base remains large, it represents just 5% of the adult population in its operating regions. That leaves a vast runway for future growth. The company's ride-hailing (mobility) business continues to deliver solid growth led by higher bookings and trips. Its competitive pricing, focus on user engagement, and expansion into suburban markets will accelerate the segment's growth. At the same time, Uber's low-cost options, such as Uber Shuttle, are rolling out at major airports, expanding accessibility and growing their share in price-sensitive segments. On the delivery front, the momentum continues. Delivery trips are expanding rapidly, and its move to expand into non-restaurant categories, especially groceries and retail, augurs well for growth. Uber's advertising arm is another fast-growing, high-margin business. With offerings like sponsored listings and Journey Ads, ad revenue is now on a $1.5 billion annual run rate, up more than 60% year-over-year. Uber is no longer just a ride-hailing company. It's becoming a technology-driven platform that connects users with mobility, delivery, and emerging autonomous solutions. With strong momentum, expanding partnerships, and increasing platform utilization, Uber's stock may still have room to climb further as it continues to redefine the way people and goods move. Wall Street analysts have a 'Strong Buy' consensus rating on Uber stock. The highest price target for Uber stock is $115, suggesting a potential gain of around 25% from current levels. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
