Bill allowing Uber Technologies, Inc. (UBER) and Lyft in Israel Receives Committee Approval

Uber Technologies, Inc. (NYSE:UBER) is among the 12 Best Autonomous Driving Stocks to Buy Right Now.

On January 18, 2026, Reuters reported that legislation allowing shared ride-hailing services like Uber Technologies, Inc. (NYSE:UBER) and Lyft to carry out operations in Israel was passed by an Israeli ministerial committee. It was an effort to reduce the cost of taxis. The legislation, which is still pending full parliamentary approval, would use international standards to oversee technology-based transportation firms. It enables businesses to connect private drivers and passengers through apps, increasing supply, improving peak and weekend availability, and lowering fares. The reform covers insurance, vehicle supervision, safety regulations, driver screening, and assistance for the taxi market. Uber Technologies, Inc. (NYSE:UBER) closed its doors in 2023 after operating solely as a conventional taxi service in Israel. The change is opposed by the taxi industry.

On January 30, 2026, TheFly reported that BofA reduced the firm’s price objective to $110 from $119. It retained a Buy rating before its February 4 Q4 report. Although the company anticipates growth in bookings and revenue, it projects EBITDA of $2.47 billion. It is just less than the Street’s $2.48 billion estimate, as the corporation makes growth investments during the quarter.

Uber Technologies, Inc. (NYSE:UBER) is a global technology platform that links users to freight, food delivery, and taxi services.

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