Uber Technologies shares accelerate before the bell as broker Wedbush names stock 'Best Pick'
It comes ahead of Uber's fourth-quarter results, which are due after the bell on February 6
Company
Uber Technologies Inc
NYSE:UBER
Uber Technologies Inc develops and operates technology applications supporting a variety of offerings on its platform. The company connects consumers with providers of ride services, merchants, and food delivery services as well as public transportation networks. Its segments include Mobility, Delivery and Freight.
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Uber picks up UBS analyst with 'buy' recommendation
Starting off with a US$56 stock price target, the Swiss bank forecasts Uber can grow ridesharing at 15% a year out to 2024
Uber safety report shows more than 3,000 instances of reported sexual assault, shares slip
Uber's report noted that passengers aren’t the only ones facing risks but that nearly all the incidents were reported by women
Uber rival Bolt sees London passenger numbers surge 400%
After launching in the capital in June this year, Bolt now has 30,000 registered drivers, challenging Uber's once-dominant presence in the city
Uber competitor Ola to launch in London in coming weeks
Ola has begun registering licenced drivers in London as it prepares for launch in the coming weeks having been granted a 15-month licence from TfL earlier this year
Uber will not receive new London operating licence, says TfL
London's transport regulator said it had identified “a pattern of failures” at the ride-hailing firm and it did not have confidence in its ability to protect passengers
Uber losses mount but bookings continue to grow
In the three months to the end of September, the ride-hailing firm posted an 18% steeper loss against last year
Uber shares rise as Citi upgrades its rating to Buy citing improved risk/reward for the stock
The Citi analysts pointed out that their new sum-of-the-parts framework for Uber values its Rides business at around $31-$32/share
Uber Technologies Inc says all users to be able to book helicopter flights to New York's John F. Kennedy International airport
The around eight-minute flight will cost between $200 and $225 per person and will include ground transportation on either side of the trip
Uber Technologies shares fall as ride-hailing firm only receives two-month London operating licence
Transport for London (TfL) said its decision comes ahead of consideration of any potential further licensing application