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Dubai's Roads and Transport Authority (RTA) is accelerating its autonomous taxi rollout through partnerships with Uber, WeRide, and Baidu's Apollo Go, aiming to transition 25% of journeys to autonomous modes by 2030. Testing will begin this year with a safety driver, leading to a fully driverless launch in 2026. These initiatives enhance urban mobility and safety, addressing the needs of various community segments.
Uber Technologies Inc. has abandoned its plan to acquire Delivery Hero SE’s Foodpanda business in Taiwan after the island's antitrust regulator rejected the deal. As a result, Uber will pay a termination fee of approximately $250 million. Despite the setback, the company remains committed to its operations in Taiwan, vowing to continue serving consumers, merchants, and delivery partners.
Tesla's global market share declined significantly in January, with a 51% drop in European sales and a 15% decrease in China, marking it as the region's "biggest loser." Despite strong overall EV demand, competition is intensifying, particularly from local Chinese brands like Xpeng, which saw a 251% sales surge. In the U.S., EV sales rose 25%, but high auto inventories and potential tariff implications loom for manufacturers.
Uber Technologies continues to show strong performance in the stock market, with recent price fluctuations reflecting a robust market position. Analysts have varied price targets, with MoffettNathanson raising theirs to $109, while others like J.P. Morgan and Truist have adjusted theirs down to $90. Despite some recent declines, the company reported impressive Q4 results, including a record net profit of $6.9 billion, largely due to a one-time tax benefit.
UBS has adjusted its price target for Uber Technologies, Inc. to $106 from $107 while maintaining a Buy rating. The company focuses on technology platforms that connect users with drivers, restaurants, and service providers, with net sales primarily from trip bookings (53.2%), meal ordering via Uber Eats (32.7%), and freight services (14.1%). Geographically, sales are distributed with 54.8% from the U.S. and Canada, 26.6% from Europe/Middle East/Africa, 11.9% from Asia/Pacific, and 6.7% from Latin America.
Uber Technologies, Inc. operates in multiple regions, focusing on Mobility, Delivery, and Freight services. Institutional investors hold 80.24% of its stock, while analysts maintain a "Moderate Buy" rating, with a consensus target price of $90.89. Recent price targets from UBS and other firms reflect a range of $95.00 to $107.00.
UBS Group has reduced its price target for Uber Technologies from $114 to $107, maintaining a "buy" rating, suggesting a potential upside of 57.51%. Other analysts have also adjusted their targets, with a consensus rating of "Moderate Buy" and an average target price of $90.89. Uber's stock recently traded at $67.93, following a strong earnings report that exceeded expectations with a revenue of $11.19 billion and an EPS of $1.20.
UBS has lowered its price target on Uber Technologies, Inc. to $107 from $114 while maintaining a Buy rating. The company specializes in technology platforms that connect users with drivers, restaurants, and service providers, with net sales primarily from trip bookings (53.2%), meal ordering via Uber Eats (32.7%), and freight services (14.1%). Geographically, sales are concentrated in the U.S. and Canada (54.8%), followed by Europe/Middle East/Africa (26.6%), Asia/Pacific (11.9%), and Latin America (6.7%).
Shares are on track for four consecutive days of gains, recovering from early December's highs. The Dow Jones fluctuated as Nvidia's stock fell over 5% despite new AI initiatives, while Uber rose 1.3% following a partnership announcement with Nvidia. Unifirst surged 28% after a $5.1 billion takeover offer from Cintas, and Roku, Ulta Beauty, and Snowflake also saw notable stock movements.
U.S. stock futures are little changed following a mixed session, with Nasdaq futures dipping slightly. Nvidia shares hit an all-time high after strong AI demand and CEO remarks, while Uber's stock rose on a collaboration with Nvidia for autonomous driving technology. Inari Medical soared 30% after being acquired by Stryker for $4.9 billion, while Tencent's stock fell 7% after being added to the Pentagon's "Chinese military companies" blacklist.
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