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Uber Analyst Says Sentiment Could Shift For Ride Share Giant
Monday, September 30, 2019 - 12:38pm | 402Ride-hailing company Uber Technologies Inc (NYSE: UBER) introduced a new platform Thursday that creates an opportunity for sentiment to "shift from pessimism to optimism," according to Raymond James. The Analyst Justin Patterson maintained an Outperform rating on Uber with an...
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Bullish Sell-Side Unfazed By Uber's Big Quarterly Loss: 'A Clear Path To Profitability'
Friday, August 9, 2019 - 11:06am | 690Uber Technologies Inc (NYSE: UBER) disappointed investors by missing top- and bottom-line expectations Thursday, but several sell-side analysts found reasons to remain bullish on the stock. Uber reported a second-quarter loss per share of $4.72, larger than expected, on lower-than-anticipated...
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Domino's CEO Attributes Poor Growth To Delivery Apps As McDonald's Expands Third-Party Partners
Saturday, July 20, 2019 - 9:40am | 505Domino's Pizza, Inc. (NYSE: DPZ) reported disappointing second-quarter metrics, including a miss on same-store sales. The reason? A surge in third-party delivery options that service restaurants. What Happened Delivery apps like UberEats are "creating some turbulence" in the food...
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Flytrex Presses On With Backyard Drone Delivery
Wednesday, July 17, 2019 - 8:12am | 670In an interview with Benzinga, Yariv Bash, the founder and CEO of Flytrex, a pioneer in drone delivery technology, discussed the company's product and future plans. About Yariv Bash And Flytrex Bash is an experienced air and spaceflight entrepreneur. In 2013, he co-founded Flytrex, an...
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Amazon Invests In Food-Delivery Startup Deliveroo; Uber Shares Dip
Friday, May 17, 2019 - 8:48am | 421Shares of Uber Technologies Inc (NYSE: UBER) dipped more than 2.5 percent Friday morning after Amazon.com, Inc. (NASDAQ: AMZN) bought a stake in U.K.-based food delivery company Deliveroo. What Happened Deliveroo is an online food delivery company with a presence mostly across Europe and said in a...
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The Uber IPO: What You Need To Know
Thursday, May 9, 2019 - 5:23pm | 500Undaunted by the brutal Lyft Inc (NASDAQ: LYFT) IPO, the OG ride-hailing company makes its market debut Friday. The IPO Uber Technologies will issue 180 million shares on the New York Stock Exchange under ticker UBER, according to the firm’s S-1 filing. The ride-hailing company priced the IPO...
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Ex-Uber Exec Talks Company's Roots, Path To Profitability
Monday, April 22, 2019 - 2:33pm | 418Soon-to-be-public ride-hailing company Uber had to earn its "place at the table" after multiple cities worldwide blocked the company from conducting business, the company's former chief business officer and senior vice president Emil Michael told CNBC Monday. What Happened Uber...
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Analysts Bullish On Starbucks Despite Fast-Moving Chinese Competition
Wednesday, January 23, 2019 - 6:00pm | 620New sell-side commentary suggests Starbucks Corporation (NASDAQ: SBUX)'s future is bright despite growing competition in China. The Analysts KeyBanc Capital Markets analyst Eric Gonzalez maintained an Overweight on Starbucks with a $70 price target. Tigress Financial's...
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Was Blue Apron Doomed From The Beginning?
Wednesday, December 19, 2018 - 12:40pm | 682Less than 18 months after its high-profile IPO, Blue Apron Holdings Inc (NYSE: APRN) is officially a penny stock. Blue Apron shares dropped below $1 for the first time this week, marking a more than 90 percent decline from its June 29, 2017 IPO price of $10. With heavy hitters targeting the company...
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After Recommending GrubHub For Over A Year, Morgan Stanley Takes Neutral Stance
Wednesday, April 18, 2018 - 10:19am | 415Morgan Stanley has been recommending investors be buyers of GrubHub Inc (NYSE: GRUB) since Jan. 1, 2017. Now may be the time to move to the sidelines after a 175-percent return, the firm said Wednesday. The Analyst Morgan Stanley's Brian Nowak downgraded GrubHub from Overweight to Equal-...