Uber Technologies (UBER)

Last night (8/22), Uber Technologies (UBER; $73.31; O/P) announced a multi-year strategic partnership with General Motors’ (GM; $46.46; NR) Cruise unit whereby it will deploy autonomous vehicles (AVs) on Uber’s network. This agreement builds on…

We reiterate our Outperform on the shares of Uber Technologies (UBER; $64.87) and raise 2024/2025E EBITDA from $6.25B/$8.0B to $6.38B/$8.03B after the company delivered a clean “beat and raise” that demonstrated a still robust growth…

Uber Technologies (UBER; $58.48; O/P) posted Q2 adjusted EBITDA of $1,570mm (3.9% of gross bookings), which beat our forecast of $1,475mm (3.7% of gross bookings) and the Street’s $1,515mm (3.8% of gross bookings). Revenues of…

Earlier today, Bloomberg reported that the New York City Mayor’s Office reached an agreement with Lyft (LYFT; $12.14; O/P) and Uber Technologies (UBER; $64.75; O/P) that stated that the New York Taxi and Limousine Commission…

We expect support for our Outperform rating on the shares of Uber Technologies (UBER; $64.84; O/P) with its Q2 results next Tuesday (8/6 before market). Specifically, we expect our robust top line growth forecasts and…

We think a wide range of recent news flow out of Uber Technologies (UBER; $70.35; O/P) generally supports the idea that the company can continue to generate healthy operating leverage, led by its Mobility offering…

This morning, Aurora Innovation (AUR; $2.48; NR) and Uber Technologies’ (UBER; $71.79; O/P) Freight division announced an expansion of its three-year commercial pilot with the launch of Premier Autonomy, which is a newly formed program…

The shares of Uber Technologies (UBER; $65.67; O/P) continue to languish relative to mid-February highs, which seems to generally go against recent news flow from the company, a still healthy travel backdrop, especially since Mobility…

Last night, Uber Technologies (UBER; $64.99; O/P) announced it signed an agreement to acquire Delivery Hero’s (DHER.DE; €31.92; NR) foodpanda delivery business in Taiwan (foodpanda Taiwan) for $950mm in cash. We think this announcement further…

We bump up our 2024/2025E EBITDA for Uber Technologies (UBER; $66.40; O/P) from $6.0B/$7.85B to $6.25B/$8.0B after the company produced some profitability metrics in Q1 results and with Q2E guidance that exceeded our modeling. However,…

Uber Technologies (UBER; $70.43; O/P) posted Q1 adjusted EBITDA of $1,382mm (3.7% of gross bookings), which beat our forecast of $1,310mm (3.5% of gross bookings) and the Street’s $1,313mm (3.5% of gross bookings). Revenues of…

The shares of Uber Technologies (UBER; $69.05; O/P) are down 15% since a bullish reaction to its mid-February Investor Update (“Raise Target to $100 After Investor Update”; 2/14), which we think offers a buying opportunity…

We think recent news flow around Uber Technologies (UBER; $74.51; O/P) has generally been much more positive than negative since the company hosted its Virtual Investor Update (“Raise Target to $100 After Investor Update”; 2/14)….

We think news around Uber Technologies’ (UBER; $78.36; O/P) CEO Dara Khosrowshahi recent visit to India further highlighted a global growth strategy that can continue to expand monthly active platform consumers (MAPCs; 150mm exiting 2023)…

Earlier today, Uber Technologies (UBER; $79.15; O/P) hosted a virtual Investor Update, which featured presentations from CEO Dara Khosrowshahi, CFO Prashanth Mahendra-Rajah, as well as Andrew Macdonald, SVP, Mobility and Business Operations; Pierre-Dimitri Gore-Coty, SVP,…