Why Uber Technologies Plunged Today
Shares of Uber Technologies (NYSE: UBER) fell 9.6% in today's trading.
At first it may seem odd for Uber to be falling, as the company didn't make any major announcements today. However, a possible future competitor did, with big potential long-term implications.
On Thursday, autonomous ride-hailing company Waymo, which is majority owned by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , announced it would be expanding to Miami in 2025, with the goal of offering autonomous rides by 2026.
Source Fool.com
Uber Technologies Inc Stock
€64.88
5.870%
With 71 Buy predictions and 3 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 92 € shows a positive potential of 41.8% compared to the current price of 64.88 € for Uber Technologies Inc.
