Uber Shares Climb to All-Time High Amid Expanding Services

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Uber Shares Climb to All-Time High Amid Expanding Services

GuruFocus07-08

Shares of Uber Technologies (NYSE:UBER) climbed over 3% Monday to an all time peak of $96.68. The rally lifted Uber's market value to nearly $202 billion as investors applauded its recent performance....

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Annual revenue reached $45.4 billion.Analysts maintain a \"outperform\" consensus, with the highest price target at $97.In other developments, Moove is closing in on a $1.2 billion debt deal to scale its autonomous?driving fleet with Waymo, a unit of Alphabet (NASDAQ:GOOGL). Meanwhile, Uber Eats has added six regional supermarket chains, including Big Y and King Kullen, to its grocery service.Uber is also in talks to acquire Pony.ai's U.S. operations, a move backed by Bernstein, which maintains an outperform rating and a $95 target. 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