Uber Buy rating maintained by BofA Securities analyst Justin Post with a price target increase due to optimism about autonomous vehicle position and tax break for 1099 workers.
Appaloosa's billionaire chief is paring down his exposure to Wall Street's most-influential businesses in favor of a company whose key performance indicators are growing by double digits.
Lyft’s first quarter results for 2025 saw sales grow year over year despite missing Wall Street’s revenue and profit expectations. The market responded positively, driven by management’s emphasis on expanding into new regions and product categories. CEO David Risher highlighted that growth was broad-based, noting, “We delivered Q1 records in gross bookings, adjusted EBITDA and free cash flow.” Management pointed to rising active riders, increased driver engagement, and ongoing investments in platform reliability as the primary contributors to quarterly performance.
According to Kuang’s LinkedIn profile, he joined Tesla in Palo Alto, California, in May. The engineer was previously the senior director and head of autonomy at General Motors’ (GM) failed self-driving unit, Cruise.
Cannacord believes that while Uber and Lyft’s future in autonomous vehicles “could be bright,” there’s also an alternative scenario where they could be left “reflecting on the golden days of the past.”
Uber and Tesla's robotaxi rollouts hit a high note, with shares surging. One Wall Street analyst's rave review of the service adds fuel to Tesla's bullish fire.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Uber Inc. (NYSE: UBER) and Lyft Inc. (NASDAQ: LYFT) shares are trading lower Wednesday after Bloomberg reported that Waymo applied for a New York City testing permit.
