Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services and other forms of transportation services, including public transit, as well as connect riders and other consumers with restaurants, grocers, other stores, and delivery service providers for meal preparation, grocery, and other delivery services. The company operates through four segments: Mobility, Delivery, Freight, and Advanced Technologies Group (ATG) and Other Technology Programs. The Mobility segment provides products that connect consumers with mobility drivers who provide rides in a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. It also offers Uber for Business, financial partnerships, transit, and vehicle solutions offerings. The Delivery segment allows consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered, as well as offers grocery and convenience store delivery, and select other goods. The Freight segment connects carriers with shippers on the company's platform and enable carriers upfront, transparent pricing, and the ability to book a shipment. The ATG and Other Technology Programs segment engages in the development and commercialization of autonomous vehicle and ridesharing technologies, as well as Uber Elevate. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
IPO Year: 2019
Exchange: NYSE
Website: uber.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/2/2025 | Mkt Outperform → Mkt Perform | JMP Securities | |
10/31/2024 | Hold → Buy | Gordon Haskett | |
10/25/2024 | Hold | The Benchmark Company | |
10/17/2024 | $84.00 | Outperform → Neutral | Daiwa Securities |
10/7/2024 | $88.00 → $99.00 | Buy | Truist |
9/24/2024 | $90.00 | Strong Buy | Raymond James |
9/5/2024 | $90.00 | Overweight | Cantor Fitzgerald |
7/22/2024 | $77.00 | Hold | Melius |
7/16/2024 | $90.00 | Outperform | Wolfe Research |
2/22/2024 | $80.00 → $90.00 | Buy | BTIG Research |
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its fourth quarter and full year 2024 financial results on Wednesday, February 5th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monit
Joint initiative will leverage NVIDIA's new Cosmos platform and DGX Cloud to boost autonomous development Uber Technologies, Inc. (NYSE:UBER) and NVIDIA announced they are collaborating on new solutions to support the development of AI-powered autonomous driving technology. "Generative AI will power the future of mobility, requiring both rich data and very powerful compute," said Dara Khosrowshahi, CEO of Uber. "By working with NVIDIA, we are confident that we can help supercharge the timeline for safe and scalable autonomous driving solutions for the industry." Millions of trips occur every day on Uber, representing a vast and rich source of data that the companies will look to pair
Uber Technologies, Inc. (NYSE:UBER) today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Bank of America, N.A. (the "dealer") to repurchase $1.5 billion of shares of Uber common stock, as part of its previously announced $7.0 billion share repurchase authorization. "We are entering 2025 with considerable momentum and expect to continue scaling our free cash flows significantly, enabling us to return meaningful capital to shareholders while still investing in growth," said Prashanth Mahendra-Rajah. "Our stock is undervalued relative to the strength of our business, and we plan to accelerate our buybacks under the existing authorization as a result
New integration will be implemented in TA Disruption Hub with Uber rides TA Connections, a Corpay (NYSE:CPAY) company with unmatched access to travel and hotel inventory and a leader in global travel solutions, is excited to announce a strategic collaboration with Uber for Business (NYSE:UBER). This includes the introduction of a new integration within TA Disruption Hub, TA Connections' flight disruption management solution, which allows airlines to assist disrupted passengers by scheduling Uber rides for passengers. A DPAX (Disrupted Passenger Assistance) platform, TA Disruption Hub allows airlines to support passengers that experience flight disruptions by providing a holistic recover
Launch represents the first time autonomous vehicles are available on the Uber platform outside of the U.S. Marks the largest commercial robotaxi service outside the U.S. and China. WeRide vehicles will be available for eligible Uber trips in key areas, including Al Saadiyat Island, Yas Island, and routes to and from Abu Dhabi International Airport. Tawasul will be the main fleet operator for WeRide vehicles on the Uber platform, providing fleet management services. Program supported by the Abu Dhabi Integrated Transport Centre (Abu Dhabi Mobility) Uber Technologies, Inc. (NYSE:UBER), the world's largest mobility and delivery technology platform, and WeRide (NASDAQ:WRD), the
Toast (NYSE:TOST), the all-in-one technology platform built for restaurants, and Uber Technologies, Inc. (NYSE:UBER) are excited to announce an expanded partnership, giving restaurants increased choice, and their guests more ways to get their favorite foods delivered to their door while helping restaurants reduce costs and expand their reach. The new integration between Toast Delivery Services and Uber Direct will allow restaurants across the U.S. to save on delivery fees, expand their delivery radius, and leverage Uber's extensive delivery network to offer local delivery of orders made by phone and through Toast digital ordering channels, including Online Ordering, Branded Mobile App, an
Uber Technologies, Inc. (NYSE:UBER) today announced that Prashanth Mahendra-Rajah, CFO, will participate in a fireside chat at the Barclays 22nd Annual Global Technology Conference on Wednesday, December 11. Mr. Mahendra-Rajah is scheduled to appear at 1:20pm PT (4:20pm ET). An audio webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com. About Uber Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 55 billion trips later, we're building products to get people closer to where they want to be. By chang
SAN FRANCISCO, Nov. 12, 2024 /PRNewswire/ -- Uber Eats (NYSE:UBER) is excited to announce a new partnership with Stew Leonard's, the family-owned and operated farm fresh food store renowned for its exceptional quality and unique shopping experience. Now, from everyday items to exclusive cult-favorites, customers can enjoy the convenience of having their favorite Stew Leonard's products delivered right to their doorstep. From everyday items to cult-favorites, customers can enjoy the best of Stew Leonard's delivered to their doorstep.All of Stew Leonard's iconic New York, New Je
Gross Bookings grew 16% year-over-year and 20% year-over-year on a constant currency basis Income from operations of $1.1 billion; Adjusted EBITDA of $1.7 billion, up 55% year-over-year Operating cash flow of $2.2 billion; Free cash flow of $2.1 billion Uber Technologies, Inc. (NYSE:UBER) today announced financial results for the quarter ended September 30, 2024. "We delivered yet another record quarter of profitable growth at a global scale, reflecting the strength of our platform, which now has over 25 million Uber One members," said Dara Khosrowshahi, CEO. "We continue to build with an eye towards the future, optimizing our products for new customer segments and geographies, introduc
SAN FRANCISCO, Oct. 29, 2024 /PRNewswire/ -- Uber Eats (NYSE:UBER) today announced the arrival of a new initiative to expand access to more nutritious food for millions of Americans. Available now, Uber Eats is accepting SNAP (Supplemental Nutrition Assistance Program) EBT (Electronic Benefits Transfer) payments, starting with the regional grocery banners Albertsons, Safeway, Jewel-Osco and Vons as well as Walgreens locations nationwide and Duane Reade stores exclusively in New York. Uber Eats is accepting SNAP (Supplemental Nutrition Assistance Program) EBT (Electronic Benefi
JMP Securities downgraded Uber from Mkt Outperform to Mkt Perform
Gordon Haskett upgraded Uber from Hold to Buy
The Benchmark Company initiated coverage of Uber with a rating of Hold
Daiwa Securities downgraded Uber from Outperform to Neutral and set a new price target of $84.00
Truist reiterated coverage of Uber with a rating of Buy and set a new price target of $99.00 from $88.00 previously
Raymond James resumed coverage of Uber with a rating of Strong Buy and set a new price target of $90.00
Cantor Fitzgerald initiated coverage of Uber with a rating of Overweight and set a new price target of $90.00
Melius initiated coverage of Uber with a rating of Hold and set a new price target of $77.00
Wolfe Research initiated coverage of Uber with a rating of Outperform and set a new price target of $90.00
BTIG Research reiterated coverage of Uber with a rating of Buy and set a new price target of $90.00 from $80.00 previously
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its fourth quarter and full year 2024 financial results on Wednesday, February 5th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monit
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its third quarter 2024 financial results on Thursday, October 31st, at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company's I
Gross Bookings grew 19% year-over-year and 21% year-over-year on a constant currency basis Income from operations of $796 million; Adjusted EBITDA of $1.6 billion, up 71% year-over-year Operating cash flow of $1.8 billion; Free cash flow of $1.7 billion Uber Technologies, Inc. (NYSE:UBER) today announced financial results for the quarter ended June 30, 2024. "Uber's growth engine continues to hum, delivering our sixth consecutive quarter of trip growth above 20 percent, alongside record profitability," said Dara Khosrowshahi, CEO. "The Uber consumer has never been stronger--more people are using the platform, and more frequently, than ever before--while drivers and couriers earned a new
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its second quarter 2024 financial results on Tuesday, August 6th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company's I
Trips grew 21% year-over-year; MAPCs and monthly trips per MAPC grew 15% and 6% year-over-year, respectively Gross Bookings grew 20% year-over-year and 21% year-over-year on a constant currency basis Income from operations of $172 million; Adjusted EBITDA of $1.4 billion, up 82% year-over-year Operating cash flow of $1.4 billion; Free cash flow of $1.4 billion Uber Technologies, Inc. (NYSE:UBER) today announced financial results for the quarter ended March 31, 2024. "Our results this quarter once again demonstrate our ability to deliver consistent, profitable growth at scale," said Dara Khosrowshahi, CEO. "More than 7 million people now choose to earn flexibly on Uber every month, with
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its first quarter 2024 financial results on Wednesday, May 8th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company's Inv
Fourth quarter trips and monthly active platform consumers grew 24% and 15% year-over-year, respectively Fourth quarter Gross Bookings grew 22% year-over-year and 21% year-over-year on a constant currency basis Fourth quarter net income of $1.4 billion; Income from operations of $652 million; Record Adjusted EBITDA margin Fourth quarter operating cash flow of $823 million; Free cash flow of $768 million Uber Technologies, Inc. (NYSE:UBER) today announced financial results for the quarter and full year ended December 31, 2023. "2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale," said Dara Khosrowshahi, CEO. "Our audiences a
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its fourth quarter 2023 financial results on Wednesday, February 7th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Investor Update Uber will also host a virtual Investor Update on Wednesday, February 14th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). The event is expected to last approximately 90 minutes. Uber's executive leadership team will present an updated view of the co
Trips and monthly active platform consumers growth accelerated to 25% and 15% year-over-year, respectively Gross Bookings grew 21% year-over-year and 20% year-over-year on a constant currency basis Net income of $221 million; Income from operations of $394 million; Adjusted EBITDA margin at all-time high Operating cash flow of $966 million; Free cash flow of $905 million Uber Technologies, Inc. (NYSE:UBER) today announced financial results for the quarter ended September 30, 2023. Financial Highlights for Third Quarter 2023 Gross Bookings grew 21% year-over-year ("YoY") to $35.3 billion, or 20% on a constant currency basis, with Mobility Gross Bookings of $17.9 billion (+31% YoY or +
Uber Technologies, Inc. (NYSE:UBER) will hold its quarterly conference call to discuss its third quarter 2023 financial results on Tuesday, November 7th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the company's
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Multi-market agreement to offer best-in-class EV pricing and financing for Uber drivers Companies also agree to collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform Uber Technologies, Inc. (NYSE:UBER) and BYD Co. Ltd. today announced a multi-year strategic partnership designed to bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets. Beginning first in Europe and Latin America, the partnership is expected to offer drivers access to best-in-class pricing and financing for BYD vehicles on the Uber platform, and will expand to include markets across the Middle East, Canada, Australia, and New Zealand. This press relea
Unprecedented global agreement provides new ordering option for Canadian customers, with deliveries handled by Domino's delivery experts TORONTO, April 30, 2024 /CNW/ - Uber Eats (NYSE:UBER) announced that hungry Canadians can now order delivery from Domino's Pizza Canada, Canada's Favourite Pizza,* through the Uber Eats app. Starting today, more than 260 Domino's locations across Ontario will be available on the Uber Eats app, with all remaining Canadian locations expected to roll out over the next four weeks. Uber Eats orders in Canada will be delivered by Domino's trained delivery experts and its franchisees, an experience that customers have relied on for more than 60 years. "Uber and D
SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve"), a leading autonomous sidewalk delivery company, announces that it has qualified to trade on the OTCQB® Venture Market operated by the OTC Markets Group Inc. and the Company's common shares commenced trading today on the OTCQB under the ticker symbol "SBOT". "Serve's transition to a publicly traded entity marks an important moment in the robotics landscape, showcasing our role as one of the first to commercially deploy AI-powered robots in urban settings. With the backing of strategic p
NEW YORK, Feb. 20, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Transportation Average (DJTA) effective prior to the open of trading on Monday, February 26: Amazon.com Inc. (NASD:AMZN) will replace Walgreens Boots Alliance Inc. (NASD:WBA) in the Dow Jones Industrial Average. Reflecting the evolving nature of the American economy, this change will increase consumer retail exposure as well as other business areas in the DJIA. The index change was prompted by DJIA constituent Walmart Inc.'s (NYSE:WMT) decision to split its stock 3:1, which will reduce Walmart's index weight due to the price weighted construc
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
Uber Technologies, Inc. (NYSE:UBER) today announced that Prashanth Mahendra-Rajah will join the company as Chief Financial Officer on November 13, 2023. Mr. Mahendra-Rajah is currently Chief Financial Officer of Analog Devices (ADI). At ADI, he set financial strategy and oversaw the company's global finance organization, with responsibility for financial management, planning, controls, and reporting. Prior to joining ADI, he was Chief Financial Officer of WABCO Holdings Inc., a global supplier of commercial vehicle technologies. He previously served as Division CFO and in other financial leadership roles at Applied Materials, Visa, and United Technologies. Mr. Mahendra-Rajah holds a B.S
Former Match Group Executives Bring 54 Years of Collective Experience to Further Strengthen Advent's Consumer Technology Practice Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointments of Shar Dubey and Mandy Ginsberg as Operating Partners. Dubey and Ginsberg will play key roles in further building out Advent's consumer technology practice and work collaboratively with the firm's consumer and technology investment teams and the management teams of its portfolio companies. Dubey and Ginsberg bring substantial experience in building digital communities and scaling disruptive global businesses, having each pr
Jain, Chief Product Officer and SVP of Engineering at Uber, brings 20+ years of product, engineering and managerial expertise DoubleVerify ("DV") (NYSE:DV), a leading software platform for digital media measurement, data and analytics, today announced the appointment of Sundeep Jain to its Board of Directors, effective July 1, 2022. Jain is Senior Vice President and Chief Product Officer of Uber (NYSE:UBER), where he manages a team of 3,000 responsible for the company's global Mobility and Delivery products, encompassing engineering, product management, design, data science, and product operations. He will serve on the DV Board's Compensation Committee. "The addition of Sundeep to DV's Bo
AUSTIN, Texas, Feb. 16, 2022 /PRNewswire-PRWeb/ -- Auctane, the industry-leading global SaaS e-commerce logistics company, today announced the appointment of Chris Nester as Chief Financial Officer. This recent expansion of the executive team is part of Auctane's long-term plans to deliver on its promise to provide trusted e-commerce solutions for its current and future customers. In this role, Nester will oversee all financial aspects of the company and work closely with the CEO, Nathan Jones, and the wider leadership team. "I am beyond excited to join the Auctane family and to help support this company through its next phase of growth," said Chris Nester, CFO at Auctane. "Leveraging the f
Hootsuite today announced the appointment of four new directors to its Board of Directors. Julie Herendeen, Christiane Pendarvis, Dave Singh, and Carl Sparks join existing directors, Ryan Holmes, Tom Keiser and Jeff Lieberman on the Hootsuite board. Herendeen has been appointed Board Chair. "These new board appointments are an important step forward for Hootsuite as we transition from an investor board to an independent board," said Tom Keiser, Hootsuite CEO. "We have an incredible mix of talented leaders guiding our company, and I'm honored to welcome our newest board members to the team." Concurrent with the new additions, Sara Clemens and Shahrzad Rafati have transitioned from the boar