Uber Technologies Inc. (NYSE:UBER) has reached a new peak, with its stock climbing to an all-time high of $94.46, pushing the company’s market value close to $196 billion. Over the last 12 months, Uber’s shares have surged more than 31%, signaling strong investor confidence amid the company’s ongoing market strength. With annual revenues hitting $45.4 billion, Uber continues to diversify its offerings and respond to evolving customer preferences. Analysts remain optimistic, maintaining a consensus “buy” rating and setting a price target as high as $120, underscoring Uber’s expanding footprint in both transportation and delivery services. Year-over-year revenue growth of 17.6% reflects the company’s strategic momentum and adaptability.
Separately, Moove is advancing towards a $1.2 billion debt financing deal aimed at growing its autonomous vehicle fleet in partnership with Waymo, Alphabet’s (NASDAQ:GOOGL) self-driving division. This capital injection will support Moove’s expansion in the U.S. market. On the delivery front, Uber Eats has expanded its grocery segment by partnering with six additional regional supermarket chains, such as Big Y and King Kullen, as part of Uber’s effort to capture the rising demand for grocery deliveries.
In acquisition news, Uber is reportedly exploring a deal to take over Pony.ai’s U.S. operations. Bernstein continues to rate Uber as “Outperform” with a $95 price target, highlighting potential equity investment opportunities led by former CEO Travis Kalanick. Meanwhile, BMO Capital recognizes Waymo as a frontrunner in autonomous vehicle technology, though uncertainties remain around the sector’s economic model. Citizens JMP has reiterated a “Market Perform” rating on Uber, pointing out slower mileage growth in San Francisco and speculating that Waymo might operate independently instead of partnering with Uber.