Recent weakness offers 'attractive entry point ' to buy Uber says analyst [Yahoo! Finance]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Yahoo! Finance
At a time when concerns over potential competition from autonomous vehicle (AV) technology have weighed on the stock, Jefferies note the near-term impact to Uber's core rideshare business is expected to be minimal. "We believe recent weakness creates a more attractive entry point for UBER,” Jefferies analyst Brent Thill wrote in the note. “ the near-term impact to rideshare will be minimal and our view that robotaxi fleets are best off partnering w/ rideshare .” Contrary to market concerns, Thill sees Uber “uniquely positioned” to benefit from robotaxis through partnerships with AV developers, where it can leverage its infrastructure, customer base, and operational expertise, increasing the utilization and efficiency of robotaxi fleets. We also believe AV developers will ultimately choose to partner rather than pursue standalone fleets," the note added. From a cost perspective, Jefferies estimates that standalone robotaxi fleets would face higher operating costs, $14.51 per ri
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UBER
News
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- Uber Said to Be in Talks to Invest in US IPO of China's Pony AI [Yahoo! Finance Canada]Yahoo! Finance Canada
- Uber Said to Be in Talks to Invest in US IPO of China's Pony AI [Yahoo! Finance]Yahoo! Finance
- LAX's long-awaited People Mover begins testing phase with train cars finally running on tracks [CBS News]CBS News
UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- UBER's page on the SEC website