Jun. 25 at 1:37 AM
Uber announced a major expansion of its Uber Eats retail marketplace, adding five new U.S. partners: Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors and Choice Pet. The move broadens Uber’s on-demand delivery offerings beyond food into categories including skincare, office supplies, shipping services, sporting goods, art materials and pet products across the Uber Eats, Uber and Postmates apps.
The announcement helped fuel a sharp rally in Uber shares, which had been trading near their 52-week low. Analyst sentiment also turned increasingly positive, with Tigress Financial raising its price target to
$115 while maintaining a Buy rating, and Citizens reiterating an Outperform rating with a
$100 target.
Uber significantly outperformed the broader market, which also posted gains during the session.
$UBER $FDX