Uber Technologies (UBER)

We think the most recent “go public” news from Turo, which is the world’s largest peer-to-peer carsharing marketplace, further highlights a still underappreciated range of opportunities for Uber Technologies (UBER; $42.94; O/P) to increasingly monetize…

This week, Uber Technologies (UBER; $43.36; O/P) added further to a lengthy list of strategic actions taken Q2-to-date, which we see adding further confidence to its ability to continue to generate healthy operating leverage and…

Last week, Uber Technologies (UBER; $40.99; O/P) announced, at its Go/Get Zero event in London, a range of “green” focused initiatives and features for both Mobility and Delivery businesses (50% and 45% of 2023E gross…

Last week, a series of announcements out of Uber Technologies (UBER; $39.73; O/P) further highlighted all the “levers it can still pull” to drive an even more attractive mix of bookings and thus further operating…

We think recent news flow from Uber Technologies (UBER; $37.56; O/P) further highlights how the company can drive more and more near-term AI and machine learning outcomes “at the edge” over time through its shared…

This morning, Uber Technologies (UBER; $39.57; O/P) and Waymo, which is owned by Alphabet (GOOGL; $123.86; NR), announced a new, multi-year strategic partnership to integrate Waymo’s self-driving system (Waymo Driver) into certain portions of Uber’s…

Earlier today, Uber Technologies (UBER; $37.92; O/P) rolled out a range of new and complementary product features across both its Mobility and Delivery businesses (50% and 45% of 2023E gross bookings) as part of the…

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…