And then came Uber’s own third-quarter report last week, which included disappointing growth in its gross bookings and a projection for a further slowdown in the fourth quarter. “There’s always a wall of worry," wrote Bernstein analyst Nikhil Devnani in a report on Uber after last week’s results. Wall Street isn’t panicking, though; 85% of analysts covering the stock rate Uber as a “buy," according to FactSet. Meanwhile, Uber’s new partner Waymo keeps gaining traction. Uber and Waymo will launch their first joint service in the Atlanta and Austin, Texas, markets next year.

Source: Wall Street Journal November 05, 2024 11:57 UTC