Uber Technologies Stock News

Uber Technologies, Inc. has shown impressive gains since August 5th, 2024, driven by strong quarterly earnings and revenue growth. The company reported earnings of $1.20 per share in Q3, surpassing consensus estimates by 192.68%, and revenue of $11.19 billion, indicating 20% annualized growth. Uber's forward PE ratio is 25.2x, higher than Lyft but lower than DoorDash and Tesla, making it relati...

All 3 stocks are high on my watchlist.

Uber's Q3 booking metrics missed expectations, but this presents a buying opportunity as the market overreacted, similar to Q2. UBER's path to becoming a global super app remains intact, with strong growth in key metrics and Uber One adoption illustrating platform stickiness. Potential expansion into hotel and travel services could enhance margins and user stickiness, leveraging synergies with ...

The Massachusetts vote was the latest front in a years-long battle over whether ride-share drivers should be considered to be independent contractors or employees entitled to benefits and wage protections.

A state ballot measure was the first of its kind in the United States, but labor advocates worry it could lock Uber and Lyft drivers out of full-time employment status.

Massachusetts voters on Tuesday approved a ballot measure that would allow ride-share drivers to unionize, becoming the first U.S. state to allow drivers for app-based companies like Uber and Lyft to do so.

Uber's stock plunged ~9% after earnings, and I think the stock is even attractive at current levels for mid-to-long-term investors. Uber's focus on geographic expansion, affordability, and capital allocation in less densely populated markets positions it well for future growth and share gains. While it's too soon to tell, I'm watching Uber's strides in the AV market for the long term.

These growth names are likely to continue moving higher well into the new year.