Uber is 'Disrupting Itself Again,' Investing Profits In Grocery, Self-Driving Cars: Analyst
1. UBER's Q3 gross bookings surged 21% year-over-year, its fastest growth this year. 2. Focus on long-term growth brings slightly lower immediate EBITDA margins. 3. Analyst raised UBER's price target from $102 to $108, maintaining a Buy rating. 4. Delivery bookings grew by 24%, outpacing Mobility, which rose by 19%. 5. Investment in autonomous vehicles may delay short-term profitability but aims for sustainable growth.