Previous close | 0.2200 |
Open | 0.2500 |
Bid | 0.0000 |
Ask | 0.2900 |
Strike | 20.00 |
Expiry date | 2024-06-21 |
Day's range | 0.2200 - 0.2500 |
Contract range | N/A |
Volume | |
Open interest | 3.67k |
Self-driving cars were a pipe dream not so long ago, but today, several companies are on the cusp of deploying them in the real world. Cathie Wood's Ark Investment Management estimates autonomous ride-sharing will generate $4 trillion in revenue over the next five years. Uber Technologies (NYSE: UBER) is currently the undisputed leader in human-driven ride-hailing, though it has been working on driverless technology for years.
Uber has been securing similar tie-ups in global markets including Europe and Asia over the last two years, deepening its ties with the private taxi industry that was whiplashed by the rise of ride-hailing startups more than a decade ago.
The mean of analysts' price targets for Uber (UBER) points to a 30.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.