Latest news with #UberTechnologies
Bloomberg
an hour ago
- Automotive
- Bloomberg
Canadian Uber Drivers Join Union, Seeking First Collective Deal
Drivers for Uber Technologies Inc. in British Columbia, Canada, joined a union in an effort to negotiate what they said would be the country's first collective agreement for ride-share drivers. Uber drivers in Greater Victoria, the province's capital, joined UFCW 1518 before they kick off talks with the San Francisco-based platform, the union said in a statement on Wednesday.
Yahoo
14 hours ago
- Business
- Yahoo
When Should You Buy Uber Technologies, Inc. (NYSE:UBER)?
Today we're going to take a look at the well-established Uber Technologies, Inc. (NYSE:UBER). The company's stock received a lot of attention from a substantial price increase on the NYSE over the last few months. The company's trading levels have reached its high for the past year, following the recent bounce in the share price. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. But what if there is still an opportunity to buy? Let's take a look at Uber Technologies's outlook and value based on the most recent financial data to see if the opportunity still exists. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Great news for investors – Uber Technologies is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Uber Technologies's ratio of 15.88x is below its peer average of 25.12x, which indicates the stock is trading at a lower price compared to the Transportation industry. However, given that Uber Technologies's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for Uber Technologies Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. However, with an extremely negative double-digit change in profit expected over the next couple of years, near-term growth is certainly not a driver of a buy decision. It seems like high uncertainty is on the cards for Uber Technologies, at least in the near future. Are you a shareholder? Although UBER is currently trading below the industry PE ratio, the adverse prospect of negative growth brings about some degree of risk. Consider whether you want to increase your portfolio exposure to UBER, or whether diversifying into another stock may be a better move for your total risk and return. Are you a potential investor? If you've been keeping an eye on UBER for a while, but hesitant on making the leap, we recommend you research further into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Every company has risks, and we've spotted 3 warning signs for Uber Technologies (of which 2 are concerning!) you should know about. If you are no longer interested in Uber Technologies, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Pony AI (PONY) Soars 11.98% on Uber Acquisition
Pony AI Inc. (NASDAQ:PONY) is one of the . Pony AI grew its share prices by 11.98 percent on Thursday to finish at $14.58 apiece following news that Uber Technologies Inc.'s (NYSE:UBER) co-founder, Travis Kalanick, is setting his sights on the Chinese robotaxi firm's US subsidiary. Pony AI Inc. (NASDAQ:PONY), which went public only last year, has been mulling over selling or spinning off its US subsidiary since 2022, even going as far as creating a copy of its software. Reports added that Uber Technologies Inc. (NYSE:UBER) is ready to back Kalanick's acquisition plan. Acquiring Pony AI Inc. (NASDAQ:PONY) would bring Kalanick back to the transportation business since he was pushed out of his own co-founded company in 2017. A worker assembling parts in an automotive factory for an autonomous vehicle. The buyout bid followed Pony AI Inc. (NASDAQ:PONY) and Uber Technologies Inc.'s (NYSE:UBER) partnership of expanding the former's international market presence, kicking off with key markets in the Middle East. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Forbes
6 days 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
25-06-2025
- Business
- Yahoo
Billionaire David Tepper Doubled His Stake In This Unstoppable Growth Stock
Uber's financial results have been strong in recent years. The company has significant opportunities and a strong moat. Penetration is still surprisingly low, providing room for further growth. 10 stocks we like better than Uber Technologies › Though some might think recent market volatility warrants staying away from equities for a while, plenty of investors disagree, including some famous names on Wall Street. Take David Tepper, billionaire founder and CEO of Appaloosa Management, a hedge fund. The successful money manager and his team decreased or closed their positions in several stocks during the first quarter. However, Tepper also made some notable buy decisions, including for Uber Technologies (NYSE: UBER). The hedge fund more than doubled its stake in the ride-hailing leader during the first period. Should investors follow Tepper's lead? Uber's stock is up 38% this year for a good reason. The company's business transformation continues, and it's showing up in its financial results. The ride-sharing leader has dealt with various issues in the past, including regulatory problems and persistent net losses, but things are now looking brighter than ever. Consider Uber's first-quarter results, during which its revenue jumped by 14% year over year to $11.5 billion. Trips and gross bookings increased by healthy amounts, and the company is now showing a profit on the bottom line. Net income was $1.8 billion, compared to a net loss of $654 million reported in the year-ago period. Free cash flow is also trending up; it soared by 66% in the period to $2.3 billion. Although Tepper didn't see these numbers before increasing his stake in the company by 113% during the first quarter, Uber has been delivering excellent results for some time now. His move looks smart in that broader context, and it seems even more so when we focus on the company's prospects. Some investors worried for a while whether Uber's model, which relies heavily on freelancers, could ever be profitable. The company has proved that it can, but can it sustain it for a while? In my view, it is still looking at huge growth opportunities, given the convenience of its services, significant demographic shifts, relatively low penetration rates, and its competitive edge. Let's address each point in turn. First, the company has disrupted the taxi industry because of its convenience. Getting a ride somewhere has never been easier. The company's food delivery option, Uber Eats, has the same selling points. That's why they are increasingly popular. Second, the data shows that younger generations, particularly Gen Z, are getting driver's licenses at lower rates than older generations did. So, they are less likely to own cars and drive. While there are likely many reasons for this -- it's hard to attribute this shift to Uber -- it still means there should be continued growth for the services it offers. Even people without cars need to go places, after all. Third, the company has surprisingly low penetration even in its most mature markets. As of the end of 2023, a little under 20% of people aged 18 and up took at least one trip per month in Australia. That percentage was lower in the U.K. and even lower in the U.S. Perhaps it won't reach 100%, but as management points out, modest growth in relatively advanced markets like the U.S. would lead to a significant increase in its annual gross bookings. Lastly, the business benefits from a network effect. The more drivers who are in its system, the more value the platform offers riders. The same dynamic applies to Uber Eats and the number of restaurants that are plugged into it. The network effect grants the company a strong moat. However, it has risks, which include stiff competition and the rise of self-driving vehicles. Management should be able to handle both, though. Having a moat is one of the keys to performing well despite competition. And even though it looks like self-driving cars will eat the company's lunch, we're still some way off from the significant adoption of that technology. Furthermore, Uber has partnered with major companies in this field and is already adapting to this shift -- one more reason its long-term prospects are attractive. Interested investors should follow Tepper's lead and purchase shares. Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Uber Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Prosper Junior Bakiny has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Billionaire David Tepper Doubled His Stake In This Unstoppable Growth Stock was originally published by The Motley Fool
