Uber Technologies (UBER) Partners With Starship Technologies For Robot Deliveries in The UK

​Uber Technologies, Inc. (NYSE:UBER) is one of the Best Very Cheap Stocks to Invest In. On November 20, Reuters reported a strategic partnership between Uber Technologies, Inc. (NYSE:UBER) and Starship Technologies to launch autonomous robot deliveries in the United Kingdom, by December 2025. The companies plan to expand the partnership to other European markets in 2026 and enter the US market by 2027. According to the report robots will be operated on Level 4 autonomy, meaning they can operate without human supervision. Management noted that they will launch this service in Leeds and Sheffield areas initially.

In addition to this, Wall Street remains bullish on the stock. On November 23, Justin Post from Bank of America Securities reiterated a Buy rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $119. Previously, on November 5, Tom White from D.A. Davidson had also reiterated a Buy rating on the stock while raising the price target from $102 to $108.

​These ratings follow the company’s fiscal Q3 2025 results, announced on November 4. Although the company topped analysts’ estimates for the quarter, the stock has fallen more than 11% since the release, primarily due to lower profit guidance for Q4. Uber Technologies, Inc. (NYSE:UBER) grew its revenue by 20.37% year-over-year to $13.47 billion, surpassing estimates by $205.51 million. Moreover, the EPS of $3.11 also topped estimates by $2.42.

​Management noted that they expect a 17% to 21% increase in gross bookings to 52.25 billion to $53.75 billion in Q4. Notably, adjusted EBITDA is expected to grow by 31% to 36% to a range of $2.41 billion to $2.51 billion; the midpoint of this range is below Wall Street’s expectation of $2.49 billion.

​Uber Technologies Inc. (NYSE:UBER) is a technology company that provides a platform for services like ride-hailing, food delivery, and freight transport through its mobile app. The company connects customers with drivers or couriers who use their own vehicles to provide these services, earning money on a flexible schedule.

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Disclosure: None. This article is originally published at Insider Monkey.