Uber shares climb as Eats retail push, robotaxi deals stay in focus

Uber Technologies jumped 7.2% to $74.70 Wednesday morning after the company brought more retail brands to Uber Eats. Investors are still looking at how Uber’s delivery size stacks up against what it spends and when robotaxis could happen. Shares of Lyft were up 5.5%. Tesla was flat.

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Uber (UBER) Stock News & Analysis

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Uber Stock Watch: Robotaxi Bet Hits U.S. Safety Test After Avride Crashes

Uber Stock Watch: Robotaxi Bet Hits U.S. Safety Test After Avride Crashes

U.S. auto safety regulators are now looking into crashes involving Avride autonomous vehicles—several running on Uber Technologies Inc.’s platform—casting new scrutiny on Uber’s robotaxi ambitions. The National Highway Traffic Safety Administration said it’s reviewing incidents that highlighted potential issues with how Avride’s cars handled public roads.
Uber Stock Gets Fresh BofA Buy Call as Robotaxi Bet Nears a Bigger Test

Uber Stock Gets Fresh BofA Buy Call as Robotaxi Bet Nears a Bigger Test

BofA Securities stuck with its Buy call on Uber Technologies, leaving its $103 price target unchanged on Monday. The analysts flagged continued strength in Mobility and Delivery bookings, and highlighted the upside they see in Uber’s autonomous vehicle efforts. Extra merchant-fee revenue, the firm added, has the potential to either lift EBITDA—earnings before interest, taxes, depreciation and amortization—or help bankroll additional growth.
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