Uber Technologies, Inc. (UBER)
After hours:
| Previous Close | 77.92 |
| Open | 82.00 |
| Bid | 86.16 x 1300 |
| Ask | 86.17 x 1000 |
| Day's Range | 81.86 - 87.00 |
| 52 Week Range | 40.09 - 87.00 |
| Volume | |
| Avg. Volume | 16,151,181 |
| Market Cap | 181.395B |
| Beta (5Y Monthly) | 1.33 |
| PE Ratio (TTM) | 93.85 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Yahoo Finance Video
Tesla stock sank, Uber rose after robotaxi event. Here's why.
Uber (UBER) shares ticked higher on Friday after Tesla's (TSLA) robotaxi event left investors largely disappointed. GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the competition between the two and why Uber benefitted from the event. "Both Tesla stock and Uber reacted the way you would have expected given the robo-day from Tesla. It was a classic example of long-term versus short-term. And they were the opposite for Uber and for Tesla," Martin says of the movement. He tells Yahoo Finance that "if Tesla was able to solve automated vehicles and robo in the near term or you saw a roadmap for even the intermediate term, then that was a problem potentially for Uber longer term. But the devil is in the details." As investors were left looking for more insight and further information about the robotaxi rollout, Uber became more attractive to investors. If Tesla cannot meet expected timelines for the release of its robotaxis, Uber will, therefore, have more time to get ahead of the game. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Melanie Riehl
- Yahoo Finance Video
It's going to be 'very tough' for Lyft to catch Uber. Here's why.
On today's installment of Good Buy or Goodbye, host Julie Hyman is joined by BD8 Capital Partners, LLC, CEO and CIO Barbara Doran to discuss her investment outlook in the rideshare space. Doran recommends Uber (UBER) as a stock to buy, emphasizing its dominant market position and diversified business model. She notes, "they are just growing their share," currently at 76%, with its closest competitor, Lyft (LYFT), at just 23% of the rideshare market. Furthermore, Doran points out that Tesla's (TSLA) Cybercab unveil at its Robotaxi Day event suggests competition for autonomous driving isn't an imminent threat, as it will be "hard for them to catch up." She also highlights Uber's strong financial position, citing profitability, free cash flow of $1.7 billion, and a $7 billion share buyback authorization. The primary risk she identifies is a potential slowdown in consumer spending. On the other hand, Doran advises avoiding Lyft stock. She notes the company's lower profitability and significantly smaller scale compared to Uber, stating it's "going to be very tough" for Lyft to achieve Uber's current market status. Additionally, she points out Lyft's high debt-to-equity ratio, resulting in a weak balance sheet. Lyft stock also consistently underperforms its main competitor, Uber. However, Doran acknowledges one positive aspect: Lyft's new management team, which could drive continued improvement. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
- The Guardian
Calls for investigation of Uber Eats and Deliveroo after raid on Bristol caravan camp
Migrant workers accuse Home Office of targeting the victims of labour exploitation rather than companies profiting from them
