Street Calls of the Week
CHICAGO - Uber Freight, a division of Uber (UBER) which has demonstrated robust financial health with an overall score of "GREAT" according to InvestingPro data, appointed D’Andrae Larry as its new Chief Commercial Officer (CCO) on Wednesday, tasking him with leading a realigned commercial organization focused on creating streamlined logistics solutions to drive growth.
Larry, who previously led Uber Freight’s intermodal unit to growth that reportedly exceeded market rates by four times, brings 28 years of industry experience including senior leadership positions at Norfolk Southern Corporation and BNSF Railroad. This appointment comes as Uber maintains strong momentum with an 18.15% revenue growth over the last twelve months.
"I’m confident that with the integration of our expert Solutions Architects and the power of our technology platform, we can offer smarter, more integrated solutions that deliver unmatched value and capture significant market share," Larry said in a press release statement.
The restructuring of the commercial organization will include the introduction of Solutions Architects and Network Planning teams designed to review customers’ entire supply chain networks and provide tailored logistics options.
This commercial realignment follows recent changes at the company, including the alignment of Product, Engineering, and Design under Chief Technology Officer Val Marchevsky.
Uber Freight CEO Rebecca Tinucci stated that the organizational changes are meant to align leadership with strategic goals, emphasizing the importance of "getting high-performers in the right seats" to build a "commercial engine to power our future growth."
The logistics technology company currently manages billions in freight and serves one in three Fortune 500 companies, according to the company’s announcement. With a market capitalization of $204.31 billion, Uber has established itself as a dominant player in the transportation sector. For deeper insights into Uber’s valuation and growth prospects, including exclusive financial metrics and expert analysis, explore InvestingPro, which offers comprehensive research reports covering 1,400+ top stocks.
In other recent news, Wolfe Research raised its price target on DoorDash to $330 from $315, maintaining an Outperform rating. The research firm highlighted DoorDash’s strong demand trends and growth in monthly active users, which contributed to the positive outlook. Meanwhile, Mizuho initiated coverage on Uber with an Outperform rating and a $130 price target, forecasting a compound annual growth rate for revenue and earnings through 2028. In a strategic move, Uber has partnered with Aldi, making it the first retailer on Uber Eats to accept SNAP-EBT payments nationwide. Additionally, Lucid Group announced the delivery of its first robotaxi engineering vehicle to Nuro, marking the start of a partnership with Uber and Nuro to develop a robotaxi service. This collaboration includes a $300 million investment from Uber and plans to deploy 20,000 electric SUVs for ridesharing by 2026. Furthermore, Lyft saw its stock price target raised to $26 from $20 by Benchmark, following a new partnership with Waymo in the autonomous vehicle sector. Benchmark described this partnership as significant in challenging Uber’s dominance in the space.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.