On July 29, Uber rose 3.08% in regular trading, trading at $70.285/share, with turnover of $713 million. The stock continued to benefit from positive institutional assessments of its $14.8 billion Delivery Hero acquisition while recovering from a prior Waymo-related selloff.

On the acquisition front, RBC Capital noted the deal could create more value than management's initial $1.2 billion annual run-rate synergy estimate, citing upside from advertising, quick commerce, and marketplace optimization. Wedbush highlighted that the transaction expands Uber's cross-platform markets from 34 to 58, adding over 50 million eligible cross-platform consumers who generate approximately 3x the gross bookings of single-product users. Management expects the deal to be accretive to non-GAAP EPS upon closing, reaching high-single-digit percentage accretion by year three.

Additionally, Uber Japan announced increases to monthly and annual membership fees, reinforcing pricing power. The stock also extended its technical recovery from the over 4% drop on July 25 triggered by Waymo's announcement that it plans to independently enter certain markets after its contract with Uber expires in January 2028.

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