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Dara Joshoshi cannot bear slowing down.
Uber ((Uber)) The CEO of analysts said during the first quarter of the horse riding company Profit call The competition was strong.
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“We cannot rest for one second,” he said. “Because of our global situation and because of the unique platform we have, we believe that we can keep some of us.”
San Francisco won the Wall Street profit expectations, but it was lost expectations for revenues. Uber’s shares rose 37 % since January and rose 22 % from last year.
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“We have started a strong start this year against the amazing background of the main headlines on commercial and economic policy,” said Khusroshi. “Each component of our multi -year growth frame is tinnitus.”
Part of growth includes the expanded use of independent vehicles. Josesarhahi said, noting that Uber put nearly 100 of the alphabet ((Googl)) Waymo Robotaxis in the streets of Austin.
Uber CEO: Waymo safety record is not up to him
“It is clear that Waymo has a safe safety record,” he said. “Consumers love the product. The team is on the ground a great job in terms of repairs, cleaning and recharged cars, etc., to ensure that the roads available for riding.”
“When Waymos is available for riding, it is very busy,” said Khusroshi, noting that the medium Waymo vehicle in Austin “is more preoccupied than 99 %” than the vehicles that a person drives in the capital of Texas.
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“We are very excited to expand in Atlanta as well as some others [autonomous vehicle] He said that the advertisements we have made and the expansion that we see in the United States, especially outside the United States, as well.
Uber is strengthening its partnership with the Independent Chinese Vehicle Company in Weride, saying that it will expand to 15 cities over the next five years, including some in Europe as well as the United States
Meanwhile, Waymo and Toyota recently revealed cooperation on independent driving technology. Companies will work on a new platform designed for independently owned vehicles.
“This is completely an indication, we think about where AV is going, and you have: Pure-Play drivers are increasingly offering AV more sophisticated platforms [original-equipment manufacturers] Khusroshi said all over the world. It is a scientist, he said: “While 10 years from now, every new car comes with the fourth level, the fifth level AV,” two of the upper levels of independent driving.
Uber recently The employees said This begins in June, they will need to come to the office three days a week, up from two. The matter included some of the employees who were approved to work remotely.
Last year, Khusrushi blamed a distance for the loss of its most loyal customers, who will take their participation in the work.
Analyst: Uber Al -Uber Al -Saudi Al -Saudi comments
Several investment companies have published research reports after the issuance of Uber profits.
Reduce Wedbush Uber to neutral from Outperform with the price goal of $ 85, up from $ 80. The investment company said that the company reported “mixed” results in the first quarter with “health instructions” for Q2.
Widbush said that Uber’s shares have been largely estimated in the past few years, while restoring the work model after birth.
It is worth noting, in recent periods, the investment company said, “The size of the rhythms has contracted for the financial estimates as the performance has caught the expectations of investors.”
“We realize that the Uber Administration team showed a busy record of implementation through the main initiatives to advance growth during this period,” Widbush said. But “work is now well understood, and the lack of clear stimuli in the short term will limit the upward trend to expectations in the current environment … which increases multiple expansion.”
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CITI raised its target price on Uber to $ 102 from $ 92 and confirmed the classification of shares after the Q1 report. Analyst for investors says in a research note:
The investment company sees multiple initiatives for mobility that must provide continuous higher reservations, and indicates the expansion of suburbs, reserves and taxis. CITI emphasizes that Uber is in a good position to provide distribution advantages and use via multi -automobile networks to move forward.
RBC Capital Brad Ericson raised the company’s goal on Uber to $ 94 from $ 82 and repeated a rating that excels in performance, according to Thefly ..
The analyst said that the company had a strong Q1 edition against a higher tape, with customer growth and increasing frequencies continued and found many opportunities to pay the gradual demand and high frequency.
Ericsson added that the pricing was fixed as inflation reduced insurance, and the suspension of independent outputs remains bullish with the expansion of partnerships and acceleration in its early markets.
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