Uber Prepares For Paris Olympics With Free Cruises And Discounts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2024
0mins
Source: Benzinga
- Uber's Preparations for Paris Olympics: Uber is introducing new initiatives in anticipation of increased demand during the upcoming Olympics in Paris, including free Seine river cruises and champagne tastings through "Uber Cruises" and "Uber Bubbles."
- Investment in Driver Incentives: Uber plans to invest significantly in driver incentives and rider discounts to support the surge in visitors expected during the summer games.
- Record Number of Drivers: The company expects to have 40,000 drivers available on its platform during the Olympics to meet the high demand.
- Enhanced Services and Accessibility: Uber will offer more affordable options and promotions, utilize dynamic pricing, and provide updated maps and routing information for drivers to ensure smooth operations.
- Stock Performance and Investment Opportunities: UBER stock has seen a significant increase, and investors can access it through ETFs like IShares U.S. Transportation ETF IYT and Fidelity Electric Vehicles And Future Transportation ETF FDRV.
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: 82.560
Low
73.00
Averages
114.67
High
150.00
Current: 82.560
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.
