Major developments unfold in the ride-sharing company, Uber Technologies Inc. A substantial player in the autonomous delivery space, Uber Eats has expanded its partnership with Serve Robotics. Analysts from Mizuho foresee a bullish trend for Uber, assigning it an Outperform rating and a $130 price target. Multiple investment firms, including Capricorn Fund Managers Ltd, Fortis Capital Advisors LLC, Sullivan Wood Capital Management and Cooper Financial Group, increase their stakes in Uber.
Uber remains a leading contender in the delivery market, with non-takeout deliveries anticipated to rise to a staggering $12.5 billion business. In addition, Uber partners with Best Buy to deliver tech and electronics nationwide and links with Flytrex for Drone Delivery. Uber has also grown its Data Labeling Business through the acquisition of Segments.ai.
Uber has also begun engaging customers outside of ride-sharing, for instance, its partnership with Sephora for on-demand beauty delivery across North America.
The transformation of its search platform, and pilot testing for new criteria for Uber Eats Pro shows Uber's dedication to constant innovation.
However, Uber remains in the spotlight for legal reasons as new laws allow California ride-share drivers the right to unionize.
Uber Technologies UBER News Analytics from Fri, 21 Mar 2025 00:31:19 GMT to Sat, 04 Oct 2025 18:09:46 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor -1
