Uber Technologies, Inc. (NYSE: UBER) partners with Serve Robotics to expand autonomous delivery service through Uber Eats in Chicago. Mizuho initiates coverage on UBER with a $130 target price and “Outperform” rating due to revenue growth and margin improvement.

Uber Technologies, Inc. (NYSE: UBER) attributes profitability to its multibillion-dollar buyback program, shifting from negative EBIT margins in 2021. Investor confidence in UBER’s delivery automation and mobility operations boosts shares by 61.95% this year and 29.98% over the last 12 months.

Operating globally, Uber Technologies, Inc. (NYSE: UBER) offers ride-hailing, food delivery, freight, and mobility solutions through proprietary technology applications. Mizuho views UBER as one of the 13 best quality stocks supported by hedge fund interest and significant Profit Margin.

Read more at Yahoo Finance: Serve Robotics Expands Autonomous Delivery Service with Uber Technologies, Inc. (UBER)’s Uber Eats; Mizuho Initiates Coverage with $130 PT and Outperform Rating