Uber shares receive a reiterated rating from Bernstein as delivery segment performance drives investor confidence.
Bernstein has reaffirmed its stock rating for Uber Technologies, citing robust momentum in its delivery business. The firm highlighted sustained growth in Uber Eats and other delivery services as a key driver for the decision.
Uber’s delivery segment has outperformed expectations in recent quarters, contributing significantly to revenue growth. Analysts had previously flagged delivery as a critical area for the company’s expansion, particularly amid fluctuating ride-hailing demand.
The rating reiteration comes as Uber continues to diversify its revenue streams, balancing ride-hailing with delivery and freight services. No immediate market reaction was specified in the report.