From Yahoo Finance.: 2025-05-10 14:17:00

Uber CEO Dara Khosrowshahi is feeling the pressure from competitors, emphasizing the need to stay ahead. Despite beating earnings expectations, revenue forecasts were missed. Uber’s stock has seen a 37% increase since January. Khosrowshahi highlighted the growth of autonomous vehicles, with the company already deploying 100 Waymo robotaxis in Austin.

Khosrowshahi praised Waymo’s safety record and efficiency, noting high consumer satisfaction. The expansion of autonomous vehicles to Atlanta and other cities is part of Uber’s growth strategy. Partnerships with companies like WeRide and Toyota indicate a shift towards personally-owned autonomous vehicles in the future.

Uber employees are required to return to the office three days a week starting in June. Investment firms like Wedbush have downgraded Uber’s stock to neutral but remain optimistic. Citi raised Uber’s price target to $102, citing strong performance in Delivery and Mobility services. RBC Capital also increased its price target to $94, expecting continued growth in multiple areas. 1. The stock market saw a significant increase today, with the S&P 500 reaching a new all-time high of 4,300 points. This was driven by positive earnings reports from major tech companies like Apple and Microsoft, as well as strong economic data on job growth and consumer spending.

2. In a groundbreaking study, researchers have discovered a new potential treatment for Alzheimer’s disease. The drug, known as Aducanumab, has been shown to significantly reduce the build-up of amyloid plaques in the brain, a key factor in the development of Alzheimer’s. Clinical trials are now underway to further test its effectiveness.

3. The United Nations has released a report warning of the dire consequences of climate change if immediate action is not taken. The report highlights the urgent need to reduce greenhouse gas emissions and transition to renewable energy sources in order to avoid catastrophic impacts on global temperatures, sea levels, and ecosystems.

4. The Tokyo Olympics are set to kick off this week amid strict COVID-19 protocols. With cases on the rise in Japan, organizers are facing challenges in ensuring the safety of athletes and spectators. Athletes will compete in empty stadiums, and daily testing and contact tracing will be implemented to prevent the spread of the virus.



Read more at Yahoo Finance.: Analysts reboot Uber stock price targets after earnings