Uber Technologies (UBER)
January 12, 2023
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…
December 16, 2022
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…
December 5, 2022
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…
November 1, 2022
We reiterate our Outperform on the shares of Uber Technologies (UBER; $29.87) after another quarter of robust organic top line growth accompanied by an accelerated trajectory of EBITDA improvements, led by significant Delivery profit upside…
November 1, 2022
Uber Technologies (UBER; $26.57; O/P) posted Q3 adjusted non-GAAP EBITDA of $516mm (6.2% of sales), which was comfortably ahead of our forecast of $450mm (5.6% of sales) and the Street’s $459mm (5.7% of sales). Sales…
October 31, 2022
We like the “set up” for the shares of Uber Technologies (UBER; $27.50; O/P) ahead of Q3 results and outlook tomorrow morning (11/1). The stock is -6% from where it traded to right after a…
October 19, 2022
Recent news out of Uber Technologies (UBER; $27.52; O/P) highlighted its focus on adding to its robust list of on-demand delivery partnerships, including further opportunities to expand non-restaurant delivery category reach, which remains an important…