Uber stock hits all-time high at 93.86 USD

Uber Technologies Inc . has reached an all-time high with its stock price hitting 93.86 USD. This milestone reflects a significant upward trend, with the company’s stock surging nearly 50% year-to-date and showing an impressive 28.3% gain over the past year. The transportation giant, now commanding a market capitalization of $194.27 billion, has demonstrated robust revenue growth of 17.6% in the last twelve months. The ride-hailing giant’s performance has been buoyed by its strategic expansions and growing market presence, contributing to investor confidence and driving the stock to this unprecedented level. According to InvestingPro analysis, which rates Uber’s overall financial health as "GREAT," the stock appears to be trading above its Fair Value. This achievement underscores Uber’s resilience and adaptability in a competitive industry, marking a remarkable period of growth for the company. Discover 15 additional exclusive insights about Uber with an InvestingPro subscription.

In other recent news, Uber Technologies, Inc. (NYSE:UBER) announced the expansion of its AI data services business, Uber AI Solutions, to 30 countries, offering technology platforms to AI labs and enterprises worldwide. This expansion includes a global digital task platform and a new data foundry providing datasets for training large AI models. Additionally, New York City finalized new minimum-pay rules for rideshare drivers, implementing a 5% increase after opposition from Uber and Lyft (NASDAQ:LYFT). Citizens JMP maintained its Market Perform rating on Uber, noting a significant growth slowdown in San Francisco and highlighting upcoming autonomous vehicle initiatives in Europe. The firm expects Uber’s partnership with Wayve to start in 2026 in London, expanding its self-driving strategy. Meanwhile, Waymo, a leader in autonomous vehicle capabilities, faces an unclear profitability path, according to BMO Capital. Despite these challenges, Waymo maintains positive unit-level gross profit margins of approximately 18%, as per Citizens JMP. These developments reflect Uber’s continued investment in innovative technologies and strategic partnerships to enhance its service offerings.

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