ride hailing

Ride-hailing company Lyft Inc (NASDAQ: LYFT) reported second-quarter results that immediately sent shares trading higher. But the stock reversed course and dipped into negative territory as the company acknowledged it may need to pause its operations in California. The Analysts CFRA analyst...

Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) both stand to experience headwinds from a negative California ruling that they must classify drivers as employees. But among the two ride-hailing companies, Uber is better positioned to weather the storm, according to two analysts. Lyft...

Uber Technologies Inc (NYSE: UBER) suffered a "legal setback" after a California court ordered that the ride-hailing company must label drivers as employees, and the company faces three possible scenarios ahead, according to BofA Securities. The Uber Analyst: Justin Post maintained...

Ride-hailing and delivery company Uber Technologies Inc (NYSE: UBER) reported mixed second-quarter results Thursday that prompted Street analysts to debate whether the company is overly exposed to COVID-19 headwinds. The Uber Analysts Raymond James analyst Aaron Kessler maintains a Market...

Food delivery and ride-hailing companies including Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) are looking to set up a fund to pay drivers who will be impacted by the coronavirus. What Happened Uber, Lyft, along with DoorDash, Postmates, and Instacart are all exploring ways to...

Uber Technologies Inc's (NYSE: UBER) management team deserves credit for getting "its act together" and this could result in a sooner-than-expected profit, according to CNBC's Jim Cramer. Uber's "phenomenal" earnings report is highlighted by a better-than-...

Uber Technologies Inc (NYSE: UBER) investors who bought at the IPO have been living through a "nightmare," but the "dark clouds" are starting to clear, according to Wedbush. The Uber Analysts Ygal Arounian and Daniel Ives added Uber's stock to Wedbush's "Best Ideas...

Uber Technologies Inc (NYSE: UBER) holds a leadership position in its two main driving units and the stock looks "attractive" at around 3.3 times 2020 estimated adjusted net revenue, according to JPMorgan. The Analyst Doug Anmuth initiated coverage of Uber's stock with an Overweight...

UBS analysts initiated coverage of Uber Technologies Inc (NYSE: UBER) with a bullish stance as the ride-hailing company is backed by a committed management team that can achieve certain financial milestones. The Uber Analyst Eric Sheridan initiated coverage of Uber's stock with a Buy rating and...

Uber Technologies Inc (NYSE: UBER) CEO Dara Khosrowshahi spoke to CNBC from the sidelines of the World Economic Forum and covered several key topics on shareholders minds. Travis Kalanick Uber's co-founder and ex-CEO Travis Kalanick sold nearly his entire stake in Uber by the end of 2019 as...

Ride-hailing companies could fare well in 2020 but it may be a mistake to assume Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) offer similar investment profiles, according to Canaccord Genuity's Michael Graham. Uber Vs. Lyft Graham said Monday on CNBC's "Squawk Box...

Ride-hailing company Uber Technologies Inc (NYSE: UBER) is teaming up with Postmates in a last-minute effort to challenge a new California law concerning gig workers set to kick in Wednesday. What Happened California law will mandate ride-hailing or food delivery companies treat drivers as...

Ride-hailing companies Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) walked away victorious in a lawsuit against New York City. What Happened Judge Lyle Frank of the Supreme Court of State of New York struck down a law which limits the amount of time Uber and Lyft drivers can ride...

Uber Technologies Inc (NYSE: UBER) stands a "next to no chance" of being granted a five-year permit to operate in London, a source told Sky News. What Happened Uber holds a temporary license to operate in London and will expire on Sept. 25, according to Sky News. The company already...

Stifel is bullish on the ride-hailing industry and raised its target price on Lyft Inc (NASDAQ: LYFT), while starting coverage of Uber Technologies Inc (NYSE: UBER). The Analyst Stifel’s Scott Devitt raised the target price on Lyft from $70 to $76 and is keeping a Buy rating on the stock....