Uber Technologies (UBER) made significant strides in the market recently. Its initiatives include an expansion into autonomous vehicle technology, a strategic partnership with Waymo, launching of a robotaxi service in Atlanta, and a potential partnership with its Founder, Travis Kalanick to fund a self-driving car deal. Uber is also venturing into innovative growth areas such as Ride Offers’ advertising format, strengthening its vision to lead in the urban mobility realm. Additionally, Cantor Fitzgerald & Bank of America Securities have shown a bullish sentiment towards Uber, raising the price target and maintaining a buy rating respectively. Despite recent downgrading by Canaccord Genuity, the company bounced back strongly, with analysts stating the market 'underestimates' the potential of UBER. Additionly, back by Uber, electric bike startup Lime is preparing for IPO, uncovering another facet of Uber's diversified business model. However, UBER stock dipped briefly, following news of a hefty retroactive tax bill in collaboration with tech giants like Amazon and Google. Yet, Uber continues to innovate, exploring avenues like charging infrastructures for EVs.
Uber Technologies UBER News Analytics from Mon, 06 Jan 2025 08:00:00 GMT to Sat, 28 Jun 2025 20:19:10 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -2
