Uber's Latest Wave: Launches Luxury Yacht And Boat Rides Across European Destinations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2024
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Source: Benzinga
- Uber Yacht in Ibiza: Uber introduces Uber Yacht in Ibiza, offering an affordable luxury yacht experience for €1,600 via the app.
- Venice Limo Boat: Launching a water transport service in Venice with 'Limo Boat' bookings available through the Uber app for €120 per trip.
- Expansion to Greece: Uber Boat will expand from Mykonos to Athens, Corfu, and Santorini, catering to rising demand in European hotspots.
- Paris Uber Cruise: Visitors in Paris can enjoy a free one-hour electric boat tour along the Seine with iconic sightseeing opportunities.
- Stock Performance: UBER stock has gained over 63% in the last year; investors can access it through ETFs like IYT and 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.
