Uber Acquires Getir's Delivery Portfolio in Turkey
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Should l Buy UBER?
Source: seekingalpha
- Strategic Acquisition: Uber has entered into an agreement with Mubadala Investment Company to acquire Getir's delivery portfolio in Turkey, further solidifying its investment in the Turkish market and expected to enhance market share.
- Business Integration: Following the deal's closure, Uber plans to combine the strengths of Getir and Trendyol Go, increasing consumer selection and supporting more delivery opportunities, thereby driving demand for restaurants and retailers across Turkey.
- Enhanced User Experience: Getir consumers will continue to access delivery services through the Getir Super App while enjoying more restaurant options from Trendyol Go, which enhances user loyalty and satisfaction.
- Market Potential: Trendyol Go customers will be able to access Getir's grocery offerings directly through their app, which is expected to further expand Uber's market influence and business scope in Turkey.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UBER is 114.67 USD with a low forecast of 73.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 74.770
Low
73.00
Averages
114.67
High
150.00
Current: 74.770
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.
Uber Acquires Getir's Delivery Portfolio in Turkey
- Strategic Acquisition: Uber has announced an agreement with Mubadala Investment Company to acquire Getir's delivery portfolio in Turkey, which includes food, grocery, and retail delivery, reinforcing Uber's commitment to the Turkish market.
- Market Integration: This deal will integrate Getir with Trendyol Go's delivery services, expected to enhance consumer selection, increase delivery opportunities, and drive demand growth for restaurants and retailers across Turkey.
- User Experience Enhancement: Getir consumers will continue to access delivery services through the Getir Super App while benefiting from more restaurant options from Trendyol Go, thereby enhancing the overall user experience.
- Long-Term Investment Commitment: Uber's CEO Dara Khosrowshahi emphasized the company's commitment to long-term investment in Turkey, aiming to support a vibrant and competitive ecosystem that delivers greater value for consumers and merchants.
See More
Uber Acquires Getir's Delivery Portfolio in Turkey
- Strategic Acquisition: Uber announced its acquisition of Getir's delivery portfolio in Turkey, which includes food, grocery, and water delivery services, demonstrating Uber's commitment to expanding its market presence in the region and enhancing its competitiveness in the thriving digital economy.
- Market Integration: The acquisition will integrate Getir and Trendyol Go into Uber's portfolio, enhancing service experiences for consumers, couriers, and merchants, and is expected to drive increased demand for restaurants and retailers nationwide.
- Increased Consumer Choice: The acquisition is anticipated to expand consumer choices and delivery opportunities while supporting a competitive ecosystem in Turkey, with Getir users continuing to access services through the Getir Super App and benefiting from expanded restaurant options via Trendyol Go.
- Strengthened Operating Model: Getir's expertise in ultrafast delivery is expected to enhance Uber's delivery capabilities, providing greater value to users and supporting the dynamic growth and competitiveness of the Turkish market.
See More
Uber Acquires Getir's Delivery Portfolio in Turkey
- Strategic Acquisition: Uber has entered into an agreement with Mubadala Investment Company to acquire Getir's delivery portfolio in Turkey, further solidifying its investment in the Turkish market and expected to enhance market share.
- Business Integration: Following the deal's closure, Uber plans to combine the strengths of Getir and Trendyol Go, increasing consumer selection and supporting more delivery opportunities, thereby driving demand for restaurants and retailers across Turkey.
- Enhanced User Experience: Getir consumers will continue to access delivery services through the Getir Super App while enjoying more restaurant options from Trendyol Go, which enhances user loyalty and satisfaction.
- Market Potential: Trendyol Go customers will be able to access Getir's grocery offerings directly through their app, which is expected to further expand Uber's market influence and business scope in Turkey.
See More
Lyft Launches Teen Accounts Nationwide to Compete
- Teen Account Launch: Lyft officially launched its teen accounts nationwide on Monday, aiming to compete with rival Uber, with CEO David Risher emphasizing the importance of product quality, particularly in parent and driver communication tools.
- Enhanced Safety Features: The new accounts will match passengers aged 13 to 17 with drivers and include safety features such as pin verification, real-time tracking, and recordings to ensure the safety of young riders.
- Intensifying Market Competition: As Lyft expands into new markets, it acquired the European taxi app Freenow for about $200 million last year and a global chauffeuring service, yet it faces fierce competition from companies like Waymo.
- Future Strategic Planning: Risher believes Lyft is in an
See More
Uber Expands Global Partnership with Adyen
- Partnership Expansion: Uber's global partnership with Adyen, which began in 2012, has expanded to over 70 countries, aiming to enhance Uber's payment systems to support growth and innovation in mobility and delivery services.
- Diverse Payment Methods: This collaboration will leverage Adyen's payment platform to offer more alternative payment methods, facilitating Uber's international expansion into new markets like the UAE, Hong Kong, and the Caribbean, along with local acquisitions in Japan, Mexico, New Zealand, and Australia.
- Kiosk Innovation: The new Uber kiosks introduced at LaGuardia Airport provide a phone-free booking option for travelers, particularly beneficial for those without local data plans, and will soon be available at hotels, ports, and international airports to enhance the travel experience.
- Driving Payment Innovations: Uber's adoption of high-growth local payment methods such as Pix in Brazil, AfterPay in Australia, and WeChat Pay globally underscores its commitment to improving payment experiences for users, ensuring Uber remains at the forefront of mobility and delivery services worldwide.
See More
Adyen and Uber Expand Global Partnership
- Partnership Continuation: Adyen and Uber's global partnership, which began in 2012, has been renewed and expanded after a decade of successful collaboration, reflecting a shared commitment to the global market and expected to enhance payment efficiency for Uber across over 70 countries.
- Payment Method Diversification: Uber is leveraging Adyen's payment platform in new markets such as the UAE, Hong Kong, and the Caribbean, incorporating local high-growth payment methods like Pix, AfterPay, and WeChat Pay to enhance user experience and drive international business growth.
- Innovative Service Launch: Uber has introduced self-service kiosks powered by Adyen, allowing international travelers to book rides without a phone, with the first kiosk launched at LaGuardia Airport, and plans for expansion to more international airports and hotels, simplifying the travel experience.
- Market Expansion Strategy: Adyen has achieved strong transaction volume growth in 40 key markets over the past year, including the U.S., U.K., and Brazil, and will continue to collaborate with Uber to drive payment innovation and integrate new business lines to support Uber's global expansion plans.
See More
Uber Acquires Getir's Delivery Portfolio in Turkey
- Strategic Acquisition: Uber has announced an agreement with Mubadala Investment Company to acquire Getir's delivery portfolio in Turkey, which includes food, grocery, and retail delivery, reinforcing Uber's commitment to the Turkish market.
- Market Integration: This deal will integrate Getir with Trendyol Go's delivery services, expected to enhance consumer selection, increase delivery opportunities, and drive demand growth for restaurants and retailers across Turkey.
- User Experience Enhancement: Getir consumers will continue to access delivery services through the Getir Super App while benefiting from more restaurant options from Trendyol Go, thereby enhancing the overall user experience.
- Long-Term Investment Commitment: Uber's CEO Dara Khosrowshahi emphasized the company's commitment to long-term investment in Turkey, aiming to support a vibrant and competitive ecosystem that delivers greater value for consumers and merchants.
See More
Uber Acquires Getir's Delivery Portfolio in Turkey
- Strategic Acquisition: Uber announced its acquisition of Getir's delivery portfolio in Turkey, which includes food, grocery, and water delivery services, demonstrating Uber's commitment to expanding its market presence in the region and enhancing its competitiveness in the thriving digital economy.
- Market Integration: The acquisition will integrate Getir and Trendyol Go into Uber's portfolio, enhancing service experiences for consumers, couriers, and merchants, and is expected to drive increased demand for restaurants and retailers nationwide.
- Increased Consumer Choice: The acquisition is anticipated to expand consumer choices and delivery opportunities while supporting a competitive ecosystem in Turkey, with Getir users continuing to access services through the Getir Super App and benefiting from expanded restaurant options via Trendyol Go.
- Strengthened Operating Model: Getir's expertise in ultrafast delivery is expected to enhance Uber's delivery capabilities, providing greater value to users and supporting the dynamic growth and competitiveness of the Turkish market.
See More
Uber Acquires Getir's Delivery Portfolio in Turkey
- Strategic Acquisition: Uber has entered into an agreement with Mubadala Investment Company to acquire Getir's delivery portfolio in Turkey, further solidifying its investment in the Turkish market and expected to enhance market share.
- Business Integration: Following the deal's closure, Uber plans to combine the strengths of Getir and Trendyol Go, increasing consumer selection and supporting more delivery opportunities, thereby driving demand for restaurants and retailers across Turkey.
- Enhanced User Experience: Getir consumers will continue to access delivery services through the Getir Super App while enjoying more restaurant options from Trendyol Go, which enhances user loyalty and satisfaction.
- Market Potential: Trendyol Go customers will be able to access Getir's grocery offerings directly through their app, which is expected to further expand Uber's market influence and business scope in Turkey.
See More
Lyft Launches Teen Accounts Nationwide to Compete
- Teen Account Launch: Lyft officially launched its teen accounts nationwide on Monday, aiming to compete with rival Uber, with CEO David Risher emphasizing the importance of product quality, particularly in parent and driver communication tools.
- Enhanced Safety Features: The new accounts will match passengers aged 13 to 17 with drivers and include safety features such as pin verification, real-time tracking, and recordings to ensure the safety of young riders.
- Intensifying Market Competition: As Lyft expands into new markets, it acquired the European taxi app Freenow for about $200 million last year and a global chauffeuring service, yet it faces fierce competition from companies like Waymo.
- Future Strategic Planning: Risher believes Lyft is in an
See More
Uber Expands Global Partnership with Adyen
- Partnership Expansion: Uber's global partnership with Adyen, which began in 2012, has expanded to over 70 countries, aiming to enhance Uber's payment systems to support growth and innovation in mobility and delivery services.
- Diverse Payment Methods: This collaboration will leverage Adyen's payment platform to offer more alternative payment methods, facilitating Uber's international expansion into new markets like the UAE, Hong Kong, and the Caribbean, along with local acquisitions in Japan, Mexico, New Zealand, and Australia.
- Kiosk Innovation: The new Uber kiosks introduced at LaGuardia Airport provide a phone-free booking option for travelers, particularly beneficial for those without local data plans, and will soon be available at hotels, ports, and international airports to enhance the travel experience.
- Driving Payment Innovations: Uber's adoption of high-growth local payment methods such as Pix in Brazil, AfterPay in Australia, and WeChat Pay globally underscores its commitment to improving payment experiences for users, ensuring Uber remains at the forefront of mobility and delivery services worldwide.
See More
Adyen and Uber Expand Global Partnership
- Partnership Continuation: Adyen and Uber's global partnership, which began in 2012, has been renewed and expanded after a decade of successful collaboration, reflecting a shared commitment to the global market and expected to enhance payment efficiency for Uber across over 70 countries.
- Payment Method Diversification: Uber is leveraging Adyen's payment platform in new markets such as the UAE, Hong Kong, and the Caribbean, incorporating local high-growth payment methods like Pix, AfterPay, and WeChat Pay to enhance user experience and drive international business growth.
- Innovative Service Launch: Uber has introduced self-service kiosks powered by Adyen, allowing international travelers to book rides without a phone, with the first kiosk launched at LaGuardia Airport, and plans for expansion to more international airports and hotels, simplifying the travel experience.
- Market Expansion Strategy: Adyen has achieved strong transaction volume growth in 40 key markets over the past year, including the U.S., U.K., and Brazil, and will continue to collaborate with Uber to drive payment innovation and integrate new business lines to support Uber's global expansion plans.
See More
