Amid rising concerns about autonomous driving technologies, Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Uber with a bullish $90 price target. Highlighting Uber's lower growth-adjusted multiple compared to competitors, Nowak underscores the potential for significant upside, driven by robust multi-product strategies and expanding market opportunities, especially in the face of competitors like Lyft and Maplebear.
Uber (NYSE: UBER) faces a £250 million lawsuit by over 10,500 London black-cab drivers, accusing the company of unlawfully diverting business from traditional taxi operators.
Carrier Global shares are trading higher on Q1 FY24 results, with net sales and adjusted EPS beating consensus. Company also revises sales outlook and expects to resume share repurchases in 2024.
Uber Technologies shares edge higher following its partnership with The Vitamin Shoppe and collaborations aimed at enhancing access to behavioral healthcare and expanding freight management in Europe.