Uber buys ezCater while Uber Technologies stock trades at EUR 61.53

Published on 10/07/2026 at 15:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The ezCater deal is valued at USD 2.3 billion. Uber Technologies stock costs EUR 61.53 on October 7, 2026 versus EUR 61.37, plus 0.26 percent.

Bunte Pop-Art-Comicszene mit Fahrgast, der in ein gelbes Taxi-Fahrzeug einsteigt — Pop-Art-Comic zeigt Uber Technologies (US90353T1007): lächelnder Fahrgast steigt in unbedrucktes gelbes Auto mit Sprechblase RIDE, Illustration mit AI erstellt.

Uber Technologies (ISIN US90353T1007) was trading at EUR 61.53 at Lang & Schwarz on October 7, 2026 at 3:06 p.m. CEST, plus 0.26 percent versus the prior close of EUR 61.37. On October 6, 2026, Uber agreed to acquire ezCater for USD 2.3 billion in cash, according to ezCater.

USD 2.3 billion expands Uber Eats

The transaction adds a catering and workplace-meals platform to Uber Eats and Uber for Business. The ezCater platform serves more than 140,000 restaurants, while its average order value exceeds USD 400, according to ezCater.

ezCater generated more than USD 2.5 billion in gross bookings over the trailing twelve months and reported high-teens year-over-year growth. The business is profitable on a non-GAAP operating income basis and is expected to be margin accretive, the October 6 release said.

Wells Fargo raises target to USD 92

Wells Fargo raised its Uber price target from USD 89 to USD 92 on October 5, 2026, while maintaining an Overweight rating, as Investing.com reported. The firm projected fourth-quarter 2026 gross bookings of USD 64.9 billion, representing 20.00 percent year-over-year growth excluding foreign exchange effects.

Uber earnings set the operating baseline

Uber reported USD 14.19 billion in revenue for the second quarter of 2026, up 12.20 percent from the prior-year quarter, while quarterly earnings per share reached USD 0.81 against a USD 0.80 consensus estimate, according to MarketBeat. The figures give the ezCater purchase a clear operating test: Uber is adding a higher-value delivery category while its core platform continues to grow.

Stock trades below its yearly range

Uber Technologies had a market capitalization of USD 140.6 billion as of October 6, 2026. Its primary NYSE listing carried a 52-week range of USD 65.41 to USD 100.35 on that date, leaving the Lang & Schwarz euro quote as a separate German-market reference.

Uber was trading at EUR 61.53 at Lang & Schwarz on October 7, 2026 at 3:06 p.m. CEST, plus 0.26 percent versus the Lang & Schwarz prior close of EUR 61.37. The further course of trading is shown by the continuously updated real-time quote of Uber Technologies stock.