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Why This Uber Analyst Says 'Relatively Robust' Q3 Earnings Show 'Healthy Growth'
Tuesday, November 1, 2022 - 11:58am | 382Wedbush analysts see a buying opportunity in shares of Uber Technologies Inc (NYSE: UBER) after the rideshare company posted strong quarterly results showing it's gaining momentum into 2023. What Happened: Uber reported third-quarter revenue of $8.3 billion, which was up 72...
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Lyft Q2 Earnings Highlights: Revenue Beat, Highest Ever EBITDA, 16% Jump In Active Riders
Thursday, August 4, 2022 - 5:19pm | 349Ride-share company Lyft Inc (NASDAQ: LYFT) reported second-quarter financial results after the market close Thursday. Here are the key highlights. Lyft's Q2 Report: Lyft reported second-quarter revenue of $990.7 million, up 30% year-over-year and up 13% on a quarter-over-quarter basis. The...
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Better Tips For Uber Drivers, Consider Getting A Tesla
Wednesday, June 29, 2022 - 5:29pm | 678Ride-share drivers are turning to renting or buying electric vehicles. The move, which was being done to help combat high prices for gas at the pump, is turning into higher tips for some drivers as well. What Happened: Uber driver Heidi Barnes upgraded from a 2009 Toyota Camry from Toyota Motors (...
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Minnie Mouse Is Back On The Move: Disney And Lyft Team Up Again To Bring Back Minnie Vans
Tuesday, June 28, 2022 - 12:20pm | 453Walt Disney Co. (NYSE: DIS) and LYFT Inc (NASDAQ: LYFT) have teamed up again to bring Minnie Vans back to Walt Disney World, US News has reported. What Happened: In 2017, the ride-share company originally teamed up with Disney Parks to provide guests an exclusive way to travel around the...
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Why Wedbush Is Cutting The Price Target On Uber Technologies
Monday, February 14, 2022 - 1:06pm | 250Although Uber Technologies Inc’s (NYSE: UBER) Investor Day highlighted growth drivers, the company’s 2024 adjusted EBITDA target came in short of consensus, according to Wedbush. The Uber Technologies Analyst: Ygal Arounian reiterated an Outperform rating for Uber Technologies while...
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Uber Stock Could See A Reversal In The Coming Weeks
Tuesday, December 14, 2021 - 3:57pm | 363Uber Technologies Inc (NYSE: UBER) shares are trading higher Tuesday after CEO Dara Khosrowshahi's participation in a discussion hosted by UBS. Khosrowshahi reportedly said he is confident Uber will come in at the top half of its guidance for the fourth quarter. Uber was up 4.77% at $...
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Uber CEO Weighs In On Earnings Results: 'Right Now All Signs Are Positive For Us'
Friday, November 5, 2021 - 11:58am | 420Uber Technologies Inc (NYSE: UBER) is trading higher today after the company announced its third-quarter financial results. The stock initially traded lower on the report, but has since recovered and is currently trading near one-month highs. What Happened: Uber reported a quarterly adjusted...
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Tesla To Make Its EVs Available To Uber's London Drivers: Report
Wednesday, November 3, 2021 - 3:39pm | 392Uber Technologies Inc (NYSE: UBER) is looking to expand its green energy drive to the U.K. What Happened: Ride-hailing company Uber has struck a deal with Tesla Inc (NASDAQ: TSLA) to provide London drivers access to Tesla's EVs, according to media reports. Uber...
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6 Lyft Analysts Break Down Q3 Earnings: 'We Think Uber Should Benefit'
Wednesday, November 3, 2021 - 1:31pm | 677LYFT Inc (NASDAQ: LYFT) shares traded higher by 8.8% and Uber Technologies Inc (NASDAQ: UBER) gained 6.8% Wednesday after Lyft reported third-quarter earnings and revenue beats and said driver shortages are easing. Lyft reported third-quarter adjusted EPS of 5 cents on revenue of $864.4 million....
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Get A Pumpkin Delivered To Your Home Thanks To Uber: Could Holiday Sales Boost The Stock?
Thursday, September 30, 2021 - 10:32am | 467A leading ride-share company has ventured into the delivery of food and other goods. News from the company shows Uber Technologies Inc (NYSE: UBER) is ready to help with the holidays in a new business venture. What Happened: Uber announced the launch of “The Holiday Shop” via its...
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What To Watch For When Uber, Live Nation And Shake Shack Report Earnings This Week
Sunday, August 1, 2021 - 4:25pm | 372Uber Technologies Inc (NYSE: UBER), Live Nation Entertainment, Inc. (NYSE: LYV) and Shake Shack Inc (NYSE: SHAK) are all scheduled to report quarterly financial results this week. Josh Brown, CEO of Ritholtz Wealth Management, told investors what to expect from...
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Next Generation GPS Company NextNav Lands SPAC Deal: What Investors Should Know
Thursday, June 10, 2021 - 3:20pm | 517A GPS company that helps companies with location mapping is going public in a deal announced Thursday morning. The SPAC Deal: NextNav announced a SPAC merger with Spartacus Acquisition Corporation (NASDAQ: TMTS). The merger values NextNav at a pro forma enterprise value of $900 million. Gary...
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How Rideshare Drivers Can Hit Financial Home Runs In A Time Of Need
Monday, June 7, 2021 - 10:39am | 1037Last week, residents of New York City were provided a new option for getting around with the launch of Drivers Cooperative, a driver-owned rideshare service. The company is not the first rideshare service to take on the big two of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER), and it likely won't be...
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'Line Of Sight To Positive EBITDA': Analysts React To Lyft Earnings
Wednesday, May 5, 2021 - 5:14pm | 489LYFT Inc (NASDAQ: LYFT) shares traded lower by 3.8% on Wednesday after the company reported 7% quarter-over-quarter revenue growth. For the first quarter, Lyft reported an adjusted EPS loss of 35 cents on $609 million in revenue. Both numbers beat consensus analyst estimates of a 53-cent EPS loss...
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Uber Delivery Service Key For Growth, Analysts Say After Mixed Q4
Thursday, February 11, 2021 - 7:36pm | 540While mobility continued to decline in the fourth quarter for Uber Technologies Inc (NYSE: UBER), strength was shown in the company’s delivery business. Analysts are out with comments and reactions to the fourth-quarter earnings, as well as thoughts about what’s next. The Uber...