On Tuesday, Reuters reported that Uber Technologies (NYSE: UBER) had partnered with automaker Stellantis (STLA) and Free2Move in France. As a part of this agreement, Free2Move would help Uber to convert half of its fleet of vehicles in France to electric vehicle (EV) models.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The report stated that with an aim to double Stellantis’ revenues to $288.8 billion annually by 2030, the company intends to produce and sell more electric and hybrid vehicles.
What is Uber Stock Prediction?
Wall Street analysts are bullish about Uber with a Strong Buy consensus rating based on 24 Buys and two Holds. The average price forecast for UBER is $47.64 implying an upside potential of 77.2% at current levels.
