Uber Technologies (UBER)

We think post-earnings news flow around Uber Technologies’ (UBER; $38.33; O/P) Delivery business, which we estimate generates 45% of 2023E gross bookings, provides further support for the idea that the company’s “get anything, anywhere” ambitions…

Uber Technologies (UBER; $36.52; O/P) remains a “top pick” across our coverage after it produced another healthy non-GAAP EBITDA “beat and raise”, which most importantly was led by healthy operating leverage on robust organic bookings…

Uber Technologies (UBER; $32.74; O/P) posted Q1 adjusted EBITDA of $761mm (8.6% of sales), which handily beat our forecast of $675mm (7.6% of sales) and the Street’s $689mm (7.9% of sales). Sales of $8,823mm were…

We like the “set up” for the shares of Uber Technologies (UBER; $29.70; O/P) ahead of Q1 results and outlook on Tuesday (5/2 before market), especially since the stock is -19% since a healthy non-GAAP…

This morning, Uber Technologies (UBER; $31.32; O/P) filed an 8-K in which it disclosed it completed the sale of its remaining 29% equity stake in MLU B.V., which is its joint venture (JV) with Yandex…

We see Uber Technologies (UBER; $31.18; O/P) entering a period where “fundamental stars” should further align, which should bode well for the stock, especially after its 15% drop since posting Q4 results and guidance upside,…

The shares of Uber Technologies (UBER; $30.07; O/P) are now down 18% since the company produced a healthy non-GAAP EBITDA “beat and raise” with its Q4 results and outlook (“Posts Another EBITDA Beat”; 2/8). We…

We reiterate our Outperform on the shares of Uber Technologies (UBER; $33.55) after reviewing the company’s 10-K, filed last Tuesday (2/21). The 10-K further highlighted the sizeable synergies between Mobility and Delivery, which was also…

Uber Technologies (UBER; $36.76; O/P) produced a healthy non-GAAP EBITDA “beat and raise”, which provided additional support for our $50 target. We think this is especially the case since we think a number of key…

Uber Technologies (UBER; $34.90; O/P) posted Q4 adjusted EBITDA of $665mm (7.7% of sales), which beat our $602mm (7.1% of sales) and the Street’s $624mm (7.3% of sales). Sales of $8,607mm were ahead of our…

We expect Uber Technologies’ (UBER; $31.15; O/P) Q4 results and outlook, scheduled for Wednesday, February 8th (before market), to provide further support for our belief that its vast and expanding network is undervalued, especially given…

Earlier this week, Hertz Global Holdings (HTZ; $17.07; NR) announced it is expanding on an existing partnership with Uber Technologies (UBER; $30.25; O/P) in a move that is focused on making Uber’s network more attractive…

We think some recent “proof points” out of Uber Technologies (UBER; $28.92; O/P) further support the idea that the company is making progress towards achieving its goal to fully electrify its global rideshare and delivery…

This morning, Uber Technologies (UBER; $25.78; O/P) announced a new on-demand and scheduled grocery delivery partnership with Meijer for consumers located in the Midwest of the U.S. (Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin). We think…

On Friday (12/2), Uber Technologies’ (UBER; $28.50; O/P) Freight business (22% of 2022E sales) announced it is expanding on an existing pilot autonomy program with Aurora Innovation (AUR; $1.36; NR) through a new commercial lane…