Latest news with #UberTechnologiesInc
Time of India
3 days ago
- Automotive
- Time of India
Uber partners with AI firm Wayve for autonomy trials in UK
Uber Technologies Inc has tapped AI firm Wayve to launch public road trials for Level 4 autonomous vehicles in the UK, according to a joint press statement on Tuesday. Industry body Society of Automotive Engineers classifies vehicle autonomy in six levels, ranging from Level 0 to Level 5. Level 4 driverless vehicles have high autonomy but are restricted to an area. A human driver can assume manual control in case of an emergency or system failure. Alphabet had launched its L4 Waymo One in Arizona in December 2018, while Volvo and Baidu collaborated a month before that for this endeavour. The Uber-Wayve deal makes the UK largest market where the cab hailing platform intends to pilot autonomous vehicles. These trials will combine Wayve's Embodied AI platform with Uber's global mobility network. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Yahoo
26-05-2025
- Business
- Yahoo
Tigress Raises Uber Price Target, Citing AV and AI Upside
Tigress Financial Partners reaffirmed its Buy rating on Uber Technologies Inc. (NYSE:UBER) on May 24 while raising its price target to $110 from $103. The firm's analysts attribute Uber's significant growth prospects to strong ridership and delivery demand, continuous innovation, and fruitful partnerships. Additionally, they point out that the company possesses a notable long-term upside catalyst in autonomous vehicle (AV) technology. Tigress noted the Go-Get 2025 event where Uber Technologies Inc. (NYSE:UBER) presented a number of growth initiatives that are intended to improve affordability, ease of use, and customization across its delivery and mobility platforms. A key factor in cutting wait times and identifying fraud was the company's implementation of artificial intelligence (AI) to enhance the connection between riders and drivers, improve pricing plans, and tailor the app experience to individual users. Tigress highlighted that Uber's recent strides in delivery and mobility have resulted in a significant rise in economic profit. The firm also pointed to Uber's expansion into fast-growing industries like advertising, travel, and service partnerships, which further supports this financial growth. While we acknowledge the potential of UBER to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
DBS reiterates Buy on Uber Technologies (UBER)
On May 19, DBS analyst Nashrullah Putra Sulaeman reiterated a Buy rating on Uber Technologies Inc. (NYSE:UBER) with a price target of $95. The analyst highlighted Uber's strong financial performance, particularly its better-than-expected adjusted EBITDA in its recently reported Q1 2025 results. Although Q1 revenue growth was on expected lines, operating performance benefited from mobility growth and cost discipline. The analyst liked the company's outlook for further margin expansion and extrapolated it to a potential for long-term profitability. A fleet of electric vehicles lined up in uniform, highlighting the convenience of the company's transportation solutions. The analyst noted two other factors that are very important for Uber's investment case. The first is Uber's dominance in the US and Canadian markets, with a 70% share. The second factor is Uber's diversification into delivery and freight, beyond the mobility business, which gives the company a competitive edge and leverage between these businesses. Uber Technologies Inc. (NYSE:UBER) is a technology platform that utilizes its vast network, cutting-edge technology, and operational expertise to facilitate transportation and logistics services. The company offers ride-hailing, food delivery, and freight transportation, with key segments including Uber Eats for food delivery, Uber Freight for logistics, and advancements in autonomous vehicles and aerial ridesharing. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Bill Ackman's Strategic Move: Uber Technologies Inc Takes Center Stage with 18.5% Portfolio Share
Warning! GuruFocus has detected 6 Warning Sign with UBER. Bill Ackman (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. William Ackman, co-investment manager for hedge-fund group Gotham Partners LP, formed Pershing Square in November 2003 with $54 million raised from three investors. Ackman got his start in the real estate business, where he worked for his father prior to starting Gotham. Bill Ackman (Trades, Portfolio) is an activist investor. He buys the common stocks of public companies, and pushes for changes so that the market can realize the values of the companies. Ackman buys stocks trading at a discount, and sells when the companies reach their appraised value. Bill Ackman (Trades, Portfolio) added a total of 1 stock, among them: The most significant addition was Uber Technologies Inc (NYSE:UBER), with 30,301,161 shares, accounting for 18.5% of the portfolio and a total value of $2.21 billion. Bill Ackman (Trades, Portfolio) also increased stakes in a total of 3 stocks, among them: The most notable increase was Brookfield Corp (NYSE:BN), with an additional 6,111,593 shares, bringing the total to 41,004,657 shares. This adjustment represents a significant 17.52% increase in share count, a 2.68% impact on the current portfolio, with a total value of $2.15 billion. The second largest increase was Alphabet Inc (NASDAQ:GOOGL), with an additional 451,492 shares, bringing the total to 4,437,980. This adjustment represents a significant 11.33% increase in share count, with a total value of $686.29 million. Bill Ackman (Trades, Portfolio) completely exited 1 of the holdings in the first quarter of 2025, as detailed below: Nike Inc (NYSE:NKE): Bill Ackman (Trades, Portfolio) sold all 18,768,946 shares, resulting in an -11.22% impact on the portfolio. Bill Ackman (Trades, Portfolio) also reduced positions in 4 stocks. The most significant changes include: Reduced Hilton Worldwide Holdings Inc (NYSE:HLT) by 2,439,776 shares, resulting in a -44.84% decrease in shares and a -4.76% impact on the portfolio. The stock traded at an average price of $249.12 during the quarter and has returned -4.98% over the past 3 months and 2.21% year-to-date. Reduced Alphabet Inc (NASDAQ:GOOG) by 1,223,551 shares, resulting in a -16.21% reduction in shares and a -1.84% impact on the portfolio. The stock traded at an average price of $183.12 during the quarter and has returned -11.39% over the past 3 months and -13.05% year-to-date. At the first quarter of 2025, Bill Ackman (Trades, Portfolio)'s portfolio included 11 stocks, with top holdings including 18.5% in Uber Technologies Inc (NYSE:UBER), 18.01% in Brookfield Corp (NYSE:BN), 12.85% in Restaurant Brands International Inc (NYSE:QSR), 11.71% in Howard Hughes Holdings Inc (NYSE:HHH), and 9.07% in Chipotle Mexican Grill Inc (NYSE:CMG). The holdings are mainly concentrated in 6 of all the 11 industries: Consumer Cyclical, Technology, Financial Services, Communication Services, Real Estate, and Industrials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
15-05-2025
- Automotive
Uber to Launch Self-Driving Mobility Service in Japan
News from Japan Economy May 15, 2025 09:39 (JST) New York, May 14 (Jiji Press)--Uber Technologies Inc. plans to launch a self-driving mobility service in Japan, a company executive said Wednesday. The U.S. ride-hailing service provider plans to introduce autonomous rides in Japan once partner firms are ready, the executive said. Uber Technologies CEO Dara Khosrowshahi said at an event in New York that autonomous rides will make streets safer. The company offers driverless rides in some cities in countries, including the United States, in partnerships with Waymo, a unit of Google parent Alphabet Inc., and other companies. END [Copyright The Jiji Press, Ltd.] Jiji Press
