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SoftBank-Backed Ride-Hailing Company Didi Beefs Up Europe Entry Plan
Wednesday, February 24, 2021 - 12:40pm | 527Read More...SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY) backed China’s ride-hailing company Didi Chuxing Technology intends to roll out ride-sharing services in Western Europe, including the U.K, France, and Germany, ahead of its long-awaited initial public offering, Bloomberg...
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Ideanomics Shares Rally On Ride-Hailing EV Purchase: What Investors Should Know
Monday, December 28, 2020 - 10:00am | 365Read More...Shares of Ideanomics were trading higher Monday after the small-cap company announcing a large purchase of electric vehicles customized for ride-hailing in China. What Happened: Mobile Energy Global, a subsidiary of Ideanomics Inc (NASDAQ: IDEX), announced it is purchasing 2,000 D1 units from...
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Piper Sandler Says Lyft's 'Positive Developments' Justify 30% Upside Potential
Monday, December 7, 2020 - 9:55am | 320Read More...Ride-hailing company Lyft Inc (NASDAQ: LYFT) faces several "positive developments" that warrant a shift to a bullish stance on the stock, according to Piper Sandler. The Lyft Analyst: Alexander Potter upgraded Lyft's stock from Neutral to Overweight with a price target lifted...
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Can Uber And Lyft Ultimately Emerge Victorious In California?
Friday, August 21, 2020 - 12:34pm | 430Read More...Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) scored a minor victory on Thursday after a California state appeal court overruled a lower court ruling that would have forced the companies to reclassify drivers as employees. Investors are now left wondering if the victory is...
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8 Lyft Analysts React To Q2 Earnings, California Risks
Thursday, August 13, 2020 - 4:02pm | 1186Read More...Ride-hailing company Lyft Inc (NASDAQ: LYFT) reported second-quarter results that immediately sent shares trading higher. But the stock reversed course and dipped into negative territory as the company acknowledged it may need to pause its operations in California. The Analysts CFRA analyst...
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Uber Vs. Lyft: Which Is In A Better Position To Weather COVID, California Storms?
Thursday, August 13, 2020 - 11:00am | 447Read More...Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) both stand to experience headwinds from a negative California ruling that they must classify drivers as employees. But among the two ride-hailing companies, Uber is better positioned to weather the storm, according to two analysts. Lyft...
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BofA On Uber's Legal Setback: 3 Potential Scenarios
Tuesday, August 11, 2020 - 1:51pm | 452Read More...Uber Technologies Inc (NYSE: UBER) suffered a "legal setback" after a California court ordered that the ride-hailing company must label drivers as employees, and the company faces three possible scenarios ahead, according to BofA Securities. The Uber Analyst: Justin Post maintained...
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Should Investors Continue Riding With Uber? The Street Weighs In
Friday, August 7, 2020 - 1:59pm | 1008Read More...Ride-hailing and delivery company Uber Technologies Inc (NYSE: UBER) reported mixed second-quarter results Thursday that prompted Street analysts to debate whether the company is overly exposed to COVID-19 headwinds. The Uber Analysts Raymond James analyst Aaron Kessler maintains a Market...
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Food Delivery, Ride-Hailing Companies Plan Contingency Fund For Drivers
Monday, March 9, 2020 - 2:45pm | 406Read More...Food delivery and ride-hailing companies including Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) are looking to set up a fund to pay drivers who will be impacted by the coronavirus. What Happened Uber, Lyft, along with DoorDash, Postmates, and Instacart are all exploring ways to...
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Cramer Credits Uber For Getting 'Its Act Together'
Tuesday, February 11, 2020 - 9:05am | 380Read More...Uber Technologies Inc's (NYSE: UBER) management team deserves credit for getting "its act together" and this could result in a sooner-than-expected profit, according to CNBC's Jim Cramer. Uber's "phenomenal" earnings report is highlighted by a better-than-...
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Wedbush Adds Uber To 'Best Ideas List,' Sees Upside To $50
Monday, February 3, 2020 - 9:26am | 362Read More...Uber Technologies Inc (NYSE: UBER) investors who bought at the IPO have been living through a "nightmare," but the "dark clouds" are starting to clear, according to Wedbush. The Uber Analysts Ygal Arounian and Daniel Ives added Uber's stock to Wedbush's "Best Ideas...
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JPMorgan Finds 4 Reasons To Share A Ride With Uber's Stock
Friday, January 31, 2020 - 3:11pm | 430Read More...Uber Technologies Inc (NYSE: UBER) holds a leadership position in its two main driving units and the stock looks "attractive" at around 3.3 times 2020 estimated adjusted net revenue, according to JPMorgan. The Analyst Doug Anmuth initiated coverage of Uber's stock with an Overweight...
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3 Big Questions About Uber's Stock From UBS
Tuesday, January 28, 2020 - 1:03pm | 415Read More...UBS analysts initiated coverage of Uber Technologies Inc (NYSE: UBER) with a bullish stance as the ride-hailing company is backed by a committed management team that can achieve certain financial milestones. The Uber Analyst Eric Sheridan initiated coverage of Uber's stock with a Buy rating and...
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Uber CEO Talks Kalanick, Zomato And Growth
Wednesday, January 22, 2020 - 4:05pm | 332Read More...Uber Technologies Inc (NYSE: UBER) CEO Dara Khosrowshahi spoke to CNBC from the sidelines of the World Economic Forum and covered several key topics on shareholders minds. Travis Kalanick Uber's co-founder and ex-CEO Travis Kalanick sold nearly his entire stake in Uber by the end of 2019 as...
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Is 2020 The Year Of Uber? 2 Pros Discuss Key Issues
Monday, January 13, 2020 - 1:26pm | 357Read More...Ride-hailing companies could fare well in 2020 but it may be a mistake to assume Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) offer similar investment profiles, according to Canaccord Genuity's Michael Graham. Uber Vs. Lyft Graham said Monday on CNBC's "Squawk Box...
