|Bid||276.60 x N/A|
|Ask||276.90 x N/A|
|Day's Range||265.20 - 279.10|
|52 Week Range||224.44 - 396.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 11, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||375.00|
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(Bloomberg) -- Uber Technologies Inc. is expanding its partnership with French grocery chain Carrefour SA to offer rapid delivery of groceries from nine micro-fulfillment centers across Paris. Most Read from BloombergA Deep Dive Into Squid Game's World of InequalityMeet Six People Fighting Water Scarcity Across the GlobeHamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaSurging consumer demand for online ordering is driving San Francisco-based Uber to expand its local grocery offerin
The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic. The industry, which includes the likes of Uber Eats, Just Eat Takeaway and Deliveroo, generally saw share prices spike during 2020 as lockdowns and other restrictions kept people eating at home. "Food delivery app usage has not slowed down, even as consumers return to in-person dining more frequently," said Alisha Kapur of Similarweb, which analyses web traffic and app downloads.
It upgraded its full year GTV growth expectations to 60% to 70% growth.