Why Shares of Uber Are Falling Today
Shares of the ride-hailing giant (NYSE: UBER) are trading over 4.5% lower as of 10:49 a.m. ET today. The move came after rival Lyft announced a partnership with Waymo, a maker of autonomous vehicles.
Uber and Lyft's platforms are critical for companies that make autonomous vehicles and want to deploy them to the masses. This morning, Waymo announced that it plans to launch in Nashville. Initially, riders will need to use the Waymo app to hail a ride, but eventually riders will be able to book a Waymo through Lyft.
Image source: Getty Images.
Source Fool.com
Uber Technologies Inc Stock
€61.03
-0.080%
The stock is one of the favorites of our community with 76 Buy predictions and 3 Sell predictions.
With a target price of 92 € there is a hugely positive potential of 50.75% for Uber Technologies Inc compared to the current price of 61.03 €.
