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-0.000125062531265697 0 -0.00425212606303156 0.00562781390695351 0.00621060530265134 0.00550275137568782 0.0151950975487743 0.0168834417208604
Stock impact report

BofA Cites Near-Term AV Uncertainties Affecting Uber Technologies, Inc. (UBER) Valuation [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
TheFly reported on January 30 that BofA Securities analyst Justin Post reduced UBER's price target to $93 from $96 and reiterates a Buy rating. Post considers the uncertainties surrounding autonomous vehicles to be a near-term overhang, and the revision reflects this impact on valuation. He did point out that steady revenue growth, better margins in 2025, and a stabilized AV outlook would eventually support valuation expansion. Uber Technologies, Inc. (NYSE:UBER) announced the creation of AV Labs earlier on January 27. AV Labs is an internal team dedicated to using real-world data to further the development of autonomous vehicles. By creating a massive data flywheel that records uncommon and intricate driving situations seen in real-world operations, the team intends to tackle one of autonomy's major problems. According to UBER, AV Labs will transform these edge-case occurrences into superior training data, facilitating faster learning for autonomous systems and advancing the auton Show less Read more
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