Uber & Avride Join Forces for Autonomous Delivery; Partners With ENSO For Low-Emission EV Tires
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: Benzinga
Uber's Partnership with Avride: Uber has formed a multiyear partnership with Avride to integrate delivery robots and autonomous vehicles into its services, starting with sidewalk robots for Uber Eats in Austin, followed by expansions to Dallas and Jersey City later this year.
Sustainability Initiatives: In addition to the partnership with Avride, Uber announced a three-year collaboration with ENSO to introduce energy-efficient EV tires in the U.K. and U.S., supporting climate solutions as part of its commitment to sustainability.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 73.610
Low
72.00
Averages
107.10
High
150.00
Current: 73.610
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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