UBER
Turkish competition board approves Uber acquisition of Getir delivery business
Article Summary
HOLD- Uber Technologies Inc. (NASDAQ: UBER) received approval from Turkey's competition board for its acquisition of the delivery arm of Turkey's Getir from Mubadala, with Uber Technologies committing to invest US$500 million in Turkey to support high-quality employment, strengthen local engineering capabilities, and contribute to development of digital and technology infrastructure.
- Uber announced in February that it had agreed to acquire Getir's delivery arm, expanding the U.S.-based company's Turkish footprint.
- The deal is expected to strengthen Uber's presence in Turkey and support local engineering and digital infrastructure development.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 18.3% | 25% | 60.0 ptsModerate (18.3%) - Decent growth |
| EPS Growth Next 5Y ? | 4.3% | 25% | 10.0 ptsVery Weak (4.3%) - Minimal expectations |
| Target Price Upside ? | 46.6% | 20% | 95.0 ptsHuge Upside (46.6%) - Target: $105.04 vs Current: $71.64 |
| Gross Margin % ? | 34.2% | 15% | 40.0 ptsModerate (34.2%) - Adequate margins |
| Drawdown from 52-Wk High ? | -29.8% | 15% | 80.0 ptsSolid Dip (-29.8%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About UBER
- Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
- The company operates through three segments: Mobility, Delivery, and Freight.
- The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.
- The Delivery segment allows consumers to search for and discover restaurants to grocery, alcohol, convenience, and other retailers, as well as order a meal or other items, and either pick-up at the restaurant or have it delivered; and provides Uber direct, a white-label delivery-as-a-service for retailers and restaurants, as well as advertising services.
- The Freight segment manages transportation and logistics networks, which connects shippers and carriers in digital marketplace, including carriers upfronts, pricing, and shipment booking; and offers on-demand platform to automate logistics end-to-end transactions for small-and medium-sized businesses to global enterprises.
- The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011.
- Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.