UBER EXPANDS FOOD DELIVERY OPERATIONS INTO SEVEN NEW EUROPEAN MARKETS - FT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18 hours ago
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Should l Buy UBER?
Source: moomoo
Uber's Expansion: Uber has entered seven new European markets, enhancing its presence in the food delivery sector.
Focus on Food Delivery: This move is part of Uber's broader strategy to strengthen its food delivery services across Europe.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
Current: 71.220
Low
73.00
Averages
114.67
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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Focus on Food Delivery: This move is part of Uber's broader strategy to strengthen its food delivery services across Europe.
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Uber's Expansion: Uber has entered seven new European markets, enhancing its presence in the food delivery sector.
Focus on Food Delivery: This move is part of Uber's broader strategy to strengthen its food delivery services across Europe.
See More
Growth Stocks Decline, Value Stocks Poised for Opportunity
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- Optimistic Guidance: The company forecasts GTV between $10.13 billion and $10.28 billion, significantly above the $9.97 billion estimate, reflecting management's confidence in future growth.
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- Order Volume Increase: The company recorded 89.5 million orders, surpassing the StreetAccount estimate of 87.8 million, demonstrating effective strategies in customer acquisition and retention, thereby strengthening its market position.
- Optimistic Outlook: Instacart forecasts GTV between $10.13 billion and $10.28 billion, significantly above the $9.97 billion estimate, reflecting management's confidence in future growth.
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