Uber price targets revamped as CEO unveils autonomous-vehicle expansion plans
Dara Khosrowshahi can’t afford to slow down.
The Uber (UBER) CEO told analysts during the ride-hailing company’s first-quarter earnings call that the competition was coming on strong.
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“We can’t rest for a second,” he said. “And because of our global position and because of the unique platform that we have, we think we can hold our own and then some.”
The San Francisco company beat Wall Street’s earnings expectations but missed forecasts for revenue. Uber’s stock has climbed 37% since January and is up 22% from a year ago.
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