1 month ago
Lyft (LYFT) stock has been in a sharp downtrend this month, but senior Guggenheim ****** yst Michael Morris believes a swift near-term recovery is unlikely. In a research note this morning, Morris downgraded LYFT to "Neutral" and lowered his price target to $16, signaling a lack of meaningful upside from current levels.
At the time of writing, Lyft shares are already down about 23% versus the start of this year.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Nvidia, OpenAI, and Oracle's $745B Financing Circle Just Hit Its First Stress Test: A Fed Rate Hike
#lyft
At the time of writing, Lyft shares are already down about 23% versus the start of this year.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Nvidia, OpenAI, and Oracle's $745B Financing Circle Just Hit Its First Stress Test: A Fed Rate Hike
#lyft
1 month ago
Grab Holdings (NASDAQ:GRAB), a super-app for ride-hailing, deliveries, and digital financial services, closed at $2.87, down 1.37%. The stock moved after Grab announced a $1.49 billion cash deal for a 60% stake in Atome Financial. Investors are watching the financial services expansion and consumer lending reach looking ahead. Trading volume reached 82.1M shares, coming in about 72% above its three-month average of 47.6M shares. Grab Holdings IPO'd in 2020 and has fallen 76% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
#billion #deal #lyft
The S&P 500 (SNPINDEX:^GSPC) fell 0.43% to 7,553, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.01% to 25,978. Among ride-hailing, delivery, and consumer fintech platforms, Uber Technologies (NYSE:UBER) closed at $71.01, down 0.59%, while Lyft (NASDAQ:LYFT) finished at $15.69, unchanged, as mobility peers remained in focus.
Grab, the Southeast Asian delivery, mobility, and financial services upstart, continues to show it intends to become the leading "superapp" in its niche after acquiring 60% of Atome Financial for $1.49 billion today. Prior to the deal, Grab held over $6 billion in cash versus minimal debt, so the deal shouldn't be a funding problem by any means.
Atome Financial operates in five of Grab's six markets and brings over 25 million unique transacting users, helping to beef up the latter's fintech offerings. Atome has seen its gross merchandise volume grow ninefold over the last six years and is profitable on an adjusted EBITDA basis.
As of 2024, merely 5% of Southeast Asian adults owned a credit card and only 14% had borrowed from a financial institution, so the potential here for Grab could be massive if they execute successfully upon this opportunity.
#billion #deal #lyft
1 month ago
Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company. It's a deal that could raise more than $300 million for May Mobility at a valuation of $1.4 billion, the company said Wednesday.
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
1 month ago
Lyft, Inc. (NASDAQ:LYFT) has begun offering Waymo's fully autonomous robotaxi rides directly through its app in Nashville, marking the first market where Waymo vehicles can be booked through both the Waymo and Lyft apps. Lyft users requesting Standard, Priority Pickup, Wait & Save, or Extra Comfort rides within the designated Nashville service area can be matched with a Waymo vehicle at no additional cost.
The rollout also gives Lyft a larger role in the autonomous-vehicle ecosystem through its Flexdrive subsidiary, which will manage charging, cleaning and maintenance for Waymo's fleet. Reuters previously reported that the Nashville partnership was intended to become Waymo's first commercial deployment through Lyft's ride-hailing network.
paul-hanaoka-D-qq7W751vs-unsplash
The partnership could strengthen Lyft, Inc. (NASDAQ:LYFT)'s long-term position in a ride-hailing industry that is increasingly moving toward autonomous vehicles. Rather than spending heavily to develop its own robotaxi technology, Lyft can leverage Waymo's autonomous-driving capabilities while providing the customer base, app infrastructure, and fleet-management services needed to put those vehicles to work. This ****** et-light approach could allow Lyft to participate in the growth of robotaxis without bearing the enormous technological costs and risks ****** ociated with developing a self-driving system internally.
The bigger opportunity is Flexdrive. Lyft is not simply sending customers to Waymo; its subsidiary is taking responsibility for keeping Waymo vehicles operational in Nashville. Lyft says its new 80,000-square-foot facility will support more than 70 full-time positions and help optimize vehicle availability. If this operating model proves successful, Lyft could potentially become a valuable infrastructure and fleet-management partner as Waymo expands into additional markets. That would give Lyft another potential revenue opportunity beyond traditional ride commissions.
#vehicle #fleet #ride #NASDAQ
The rollout also gives Lyft a larger role in the autonomous-vehicle ecosystem through its Flexdrive subsidiary, which will manage charging, cleaning and maintenance for Waymo's fleet. Reuters previously reported that the Nashville partnership was intended to become Waymo's first commercial deployment through Lyft's ride-hailing network.
paul-hanaoka-D-qq7W751vs-unsplash
The partnership could strengthen Lyft, Inc. (NASDAQ:LYFT)'s long-term position in a ride-hailing industry that is increasingly moving toward autonomous vehicles. Rather than spending heavily to develop its own robotaxi technology, Lyft can leverage Waymo's autonomous-driving capabilities while providing the customer base, app infrastructure, and fleet-management services needed to put those vehicles to work. This ****** et-light approach could allow Lyft to participate in the growth of robotaxis without bearing the enormous technological costs and risks ****** ociated with developing a self-driving system internally.
The bigger opportunity is Flexdrive. Lyft is not simply sending customers to Waymo; its subsidiary is taking responsibility for keeping Waymo vehicles operational in Nashville. Lyft says its new 80,000-square-foot facility will support more than 70 full-time positions and help optimize vehicle availability. If this operating model proves successful, Lyft could potentially become a valuable infrastructure and fleet-management partner as Waymo expands into additional markets. That would give Lyft another potential revenue opportunity beyond traditional ride commissions.
#vehicle #fleet #ride #NASDAQ
2 months ago
Lyft Inc (NASDAQ:LYFT) is slightly lower this afternoon, down 0.2% at $14.86. Heading for a fifth-straight daily drop, the Uber Technologies (UBER) rival is trading near its late-July lows, sporting a grim 23.3% year-to-date deficit. All may not be lost, however, as this pullback looks to be placing Lyft stock near a trendline with historically bullish implications.
According to Schaeffer's Senior Quantitative ****** yst Rocky White, LYFT shares are within 0.75 of their 126-day moving average's 20-day average true range (ATR), after remaining below it 80% of the time in the past two weeks and in 80% of the last 42 trading sessions.
This signal has occurred five times in the last 10 years, after which Lyft stock was higher one month later 60% of the time, averaging a 9.4% gain. From its current perch, a surge of this magnitude would put the shares back above the $16 area.
Put traders have been circling, per LYFT's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 76% of all other readings from the past year. Echoing this, the stock's Schaeffer's put/call open interest ratio (SOIR) of ranks higher than all other readings from the past 12 months. Should this bearish sentiment begin to unwind, it could trigger tailwinds for the shares.
Options are attractively priced as well, per the stock's Schaeffer's Volatility Index (SVI) of 51%, which stands higher than just 18% of all other readings from the past year, implying that near-term option traders are pricing in relatively low volatility expectations.
#lyft #higher #uber
According to Schaeffer's Senior Quantitative ****** yst Rocky White, LYFT shares are within 0.75 of their 126-day moving average's 20-day average true range (ATR), after remaining below it 80% of the time in the past two weeks and in 80% of the last 42 trading sessions.
This signal has occurred five times in the last 10 years, after which Lyft stock was higher one month later 60% of the time, averaging a 9.4% gain. From its current perch, a surge of this magnitude would put the shares back above the $16 area.
Put traders have been circling, per LYFT's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 76% of all other readings from the past year. Echoing this, the stock's Schaeffer's put/call open interest ratio (SOIR) of ranks higher than all other readings from the past 12 months. Should this bearish sentiment begin to unwind, it could trigger tailwinds for the shares.
Options are attractively priced as well, per the stock's Schaeffer's Volatility Index (SVI) of 51%, which stands higher than just 18% of all other readings from the past year, implying that near-term option traders are pricing in relatively low volatility expectations.
#lyft #higher #uber
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2 months ago
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When your income is limited, scaling back your budget can only get you so far. The good news: Cutting back on spending isn't the only way to improve your finances. You can potentially make big changes by finding a new source of income.
With the right side gig, putting in just a few extra hours of work per week could be enough to help you cover major bills and build up your savings. Follow these tips to ensure your venture is successful.
Finding the right side gig is a bit of an art. You'll need to figure out when you have free time, which skills people are willing to pay you for, and how much money you can realistically make once all of your personal expenses are covered. Here's what you should consider:
There are plenty of websites where you can list your services for hire, such as Lyft, Task Rabbit, and Fiverr, but they don't always pay well. According to a study from Human Rights Watch, people who used gig work platforms earned less than minimum wage after covering all of their work-related expenses.
#only #right
When your income is limited, scaling back your budget can only get you so far. The good news: Cutting back on spending isn't the only way to improve your finances. You can potentially make big changes by finding a new source of income.
With the right side gig, putting in just a few extra hours of work per week could be enough to help you cover major bills and build up your savings. Follow these tips to ensure your venture is successful.
Finding the right side gig is a bit of an art. You'll need to figure out when you have free time, which skills people are willing to pay you for, and how much money you can realistically make once all of your personal expenses are covered. Here's what you should consider:
There are plenty of websites where you can list your services for hire, such as Lyft, Task Rabbit, and Fiverr, but they don't always pay well. According to a study from Human Rights Watch, people who used gig work platforms earned less than minimum wage after covering all of their work-related expenses.
#only #right
2 months ago
Uber is laying off about 3,300 employees, or about 10% of its workforce.
It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.
Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday. The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco. Uber also competes with rival Lyft across the country.
#dara #wednesday
It is the deepest cut the ride-hailing giant that revolutionized on-demand taxis has made since the COVID-19 pandemic.
Chief Executive Dara Khosrowshahi announced the layoffs in a letter to employees Wednesday. The cut comes as Uber faces increasing competition from the growing robotaxi industry and other delivery services such as Instacart and DoorDash.
Read more: Waymo wins approval for drastic expansion in Los Angeles, Bay Area regions
Waymo, the Alphabet-owned autonomous taxi company, is expanding rapidly and operates in 14 cities including Los Angeles, San Diego and San Francisco. Uber also competes with rival Lyft across the country.
#dara #wednesday
3 months ago
Lyft (LYFT) finally gave something to its investors: constant growth along with increasing profitability. Lyft reported another better-than-expected quarter, pushing the number of active riders above 30 million for the first time and setting a record of gross bookings at $5.5 billion.
These numbers allowed LYFT stock to reach its peak in the last six months, although still being over 30% below the 52-week high. However, the improving fundamentals of Lyft do not settle the largest debate about the stock. The ***** ysts are divided over the question of autonomous vehicles (AVs), with one group considering Lyft's partner strategy as an advantage and the other believing that Lyft's smaller size makes it more vulnerable than Uber Technologies (UBER).
Don't ***** ume Micron Will Share SanDisk's Fate. Here's Why.
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Shaq Says His Dad Treated Him to White Castle, But When He Saw Homeless Man With a Sign, He Gave 3 of His Burgers to the Guy — 'Always Look Out for the Little Man'
#however #don 't
These numbers allowed LYFT stock to reach its peak in the last six months, although still being over 30% below the 52-week high. However, the improving fundamentals of Lyft do not settle the largest debate about the stock. The ***** ysts are divided over the question of autonomous vehicles (AVs), with one group considering Lyft's partner strategy as an advantage and the other believing that Lyft's smaller size makes it more vulnerable than Uber Technologies (UBER).
Don't ***** ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Shaq Says His Dad Treated Him to White Castle, But When He Saw Homeless Man With a Sign, He Gave 3 of His Burgers to the Guy — 'Always Look Out for the Little Man'
#however #don 't
3 months ago
Chinese tech giant Baidu (BIDU) is set to report its second-quarter results on Aug. 18, before the market opens. Ahead of the results, the company's stock is facing pressure from its legacy business. However, Baidu's other business segments have been surging, such as its AI-powered marketing business.
Moreover, Baidu's autonomous driving business is making inroads in Europe. Apollo Go, the company's autonomous ride-hailing platform, has started road-testing the platform's sixth-gen autonomous vehicle (RT6) in London, in a partnership with Freenow by Lyft (LYFT), with public rides expected next year. And, Baidu is eyeing a $50 billion IPO of its AI chip unit Kunlunxin. This is a big step for Kunlunxin, which has drawn interest from TikTok-owner ByteDance.
Billionaire Jensen Huang Says That When America Goes to War He Would Rather Not Be Asked About His Own Technology: 'I Would Really Appreciate Not Getting a Phone Call…'
Dear SanDisk Stock Fans, Mark Your Calendars for a Fresh Catalyst on August 13
As the Market Crashed in 1987, Paul Tudor Jones Made $100 Million in a Single Day: 'The Most Important Rule of Trading Is to Play Great Defense, Not Great Offense'
#baidu
Moreover, Baidu's autonomous driving business is making inroads in Europe. Apollo Go, the company's autonomous ride-hailing platform, has started road-testing the platform's sixth-gen autonomous vehicle (RT6) in London, in a partnership with Freenow by Lyft (LYFT), with public rides expected next year. And, Baidu is eyeing a $50 billion IPO of its AI chip unit Kunlunxin. This is a big step for Kunlunxin, which has drawn interest from TikTok-owner ByteDance.
Billionaire Jensen Huang Says That When America Goes to War He Would Rather Not Be Asked About His Own Technology: 'I Would Really Appreciate Not Getting a Phone Call…'
Dear SanDisk Stock Fans, Mark Your Calendars for a Fresh Catalyst on August 13
As the Market Crashed in 1987, Paul Tudor Jones Made $100 Million in a Single Day: 'The Most Important Rule of Trading Is to Play Great Defense, Not Great Offense'
#baidu
4 months ago
Uber Technologies, Inc. (NYSE:UBER) is one of the top trending US stocks to buy now. Reuters reported on June 22 that Uber Technologies' (NYSE:UBER) board was sued on Monday by shareholders accusing directors and management of letting the company cut corners on compliance, resulting in thousands of lawsuits from victims of harassment and ****** ual ****** ault. The complaint was filed in San Francisco federal court, with shareholders led by a Detroit pension fund saying that board members ignored repeated internal and external warnings regarding the company's alleged failure to address ****** ual abuse by drivers.
In another development, Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft's lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which generally prevents large ride-sharing companies from swiftly dismissing drivers absent a "just cause" or "bona fide economic reason". The law would take effect on July 28.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company's operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
In another development, Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft's lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which generally prevents large ride-sharing companies from swiftly dismissing drivers absent a "just cause" or "bona fide economic reason". The law would take effect on July 28.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company's operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
4 months ago
Uber Technologies, Inc. (NYSE:UBER) is one of the top trending US stocks to buy now. Reuters reported on June 22 that Uber Technologies' (NYSE:UBER) board was sued on Monday by shareholders accusing directors and management of letting the company cut corners on compliance, resulting in thousands of lawsuits from victims of harassment and **** ual **** ault. The complaint was filed in San Francisco federal court, with shareholders led by a Detroit pension fund saying that board members ignored repeated internal and external warnings regarding the company's alleged failure to address **** ual abuse by drivers.
In another development, Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft's lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which generally prevents large ride-sharing companies from swiftly dismissing drivers absent a "just cause" or "bona fide economic reason". The law would take effect on July 28.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company's operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
In another development, Reuters reported on June 11 that Lyft has joined Uber Technologies, Inc. (NYSE:UBER) in suing New York City to block a new law that, according to them, would force them to keep bad drivers who threaten passenger and public safety on their platforms. Lyft's lawsuit was filed in Manhattan federal court late Wednesday, 24 hours after Uber Technologies, Inc. (NYSE:UBER) sued the city. The two companies are challenging Local Law 52 of 2026, which generally prevents large ride-sharing companies from swiftly dismissing drivers absent a "just cause" or "bona fide economic reason". The law would take effect on July 28.
Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company's operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
4 months ago
Uber Technologies Inc. (NYSE:UBER) is one of the 10 Best 52-Week Low Technology Stocks to Buy According to **** ysts. While evaluating the impact of autonomous vehicles on the ride-hailing industry, Rothschild & Co Redburn lowered its price target on Uber Technologies Inc. (NYSE:UBER) on June 17. The firm cut its price target on the stock from $120 to $112 and kept a Buy rating. According to the firm, autonomous vehicles will significantly expand the ride-hailing market over time and support long-term industry growth.
Rothschild & Co Redburn expects Uber and Lyft to be the primary platforms connecting riders with transportation services. The firm also believes the companies are well-positioned to provide operational and commercial support to autonomous vehicle providers.
The positive **** yst sentiment followed the company's announcement of plans to launch Spain's first commercial robotaxi pilot in the Region of Madrid in collaboration with WeRide. The plan was announced on June 2, which marked the companies' first joint entry into the European market. Madrid is the fourth of the 15 cities outlined under WeRide and Uber's previous agreement, with another 11 cities to come by 2030. In collaboration with Madrid's Regional Government, the service is expected to begin operations later this year. For users' convenience, rides will be available via the Uber app. The project will be carried out with the support of AVOMO, a Moove Cars Group company using WeRide's driving technology.
Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Rothschild & Co Redburn expects Uber and Lyft to be the primary platforms connecting riders with transportation services. The firm also believes the companies are well-positioned to provide operational and commercial support to autonomous vehicle providers.
The positive **** yst sentiment followed the company's announcement of plans to launch Spain's first commercial robotaxi pilot in the Region of Madrid in collaboration with WeRide. The plan was announced on June 2, which marked the companies' first joint entry into the European market. Madrid is the fourth of the 15 cities outlined under WeRide and Uber's previous agreement, with another 11 cities to come by 2030. In collaboration with Madrid's Regional Government, the service is expected to begin operations later this year. For users' convenience, rides will be available via the Uber app. The project will be carried out with the support of AVOMO, a Moove Cars Group company using WeRide's driving technology.
Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.
While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
4 months ago
A new Consumer Reports investigation finds Uber and Lyft customers are often given different fares when they book the same rides at the same time. While Uber and Lyft have long used surge pricing, the new findings are raising questions about whether the apps are using personalized or surveillance pricing based on customers' personal data. NBC's Vicky Nguyen reports for TODAY.
