Why Uber Bounced Back Today
Shares of ride-hailing leader Uber Technologies were rallying today, up 5.8% as of 3:39 p.m. ET. While the overall markets were also having a good day in the wake of the Trump administration backing down from its most maximal tariff posture, Uber outperformed, with a return of more than twice that of the Nasdaq Composite.
Uber shareholders received good news, as the company inked another high-profile partnership in the emerging autonomous robotaxi world.
One of the big overhangs for Uber is whether it will have as much value as a platform for autonomous vehicles as it had for human-driven cars. After all, the dynamics are different for each, with Uber perhaps losing a bit of its powerful network effect without human drivers on one side of its platform.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 93 Buy predictions and 1 Sell predictions.
With a target price of 92 € there is a positive potential of 43.77% for Uber Technologies Inc compared to the current price of 63.99 €.
