Migdal Insurance & Financial Holdings Ltd. Takes Position in Uber Technologies, Inc. $UBER

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Migdal Insurance & Financial Holdings Ltd. has acquired a new stake of 475,000 shares in Uber Technologies, Inc., valued at approximately $38.8 million, increasing institutional ownership to 80.24%. Uber’s strategic moves include a significant stake and expanded robo-taxi fleet arrangements with Lucid, signaling a strong commitment to autonomous vehicles. Despite missing recent EPS estimates, Uber’s revenue increased by 20.1% year-over-year, and analysts maintain a “Moderate Buy” consensus with an average target price of $105.14.

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