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"We are well positioned to weather this," Uber CEO Dara Khosrowshahi said on a Thursday call with investors.
The recent coronavirus-induced market rout represents "golden buying opportunities" for the top tech stocks, wrote Wedbush analyst Daniel Ives.
It's the second large enterprise client after IBM that's gone "all in" with the workplace chat-app in February.
‘Taking a different approach’: Lyft reports quarterly earnings Tuesday after market close. Here’s what 5 analysts are saying.
Lyft reports its quarterly earnings results a few days after rival Uber beat expectations and updated its timeline to profitability.
Uber’s accelerated race to profitability has one Wall Street analyst doubling down on it as the best stock pick of 2020
"We still see material upside potential from current levels," Mark Mahaney of RBC Capital Markets said in a Friday note.
The results were "a huge step forward" for Uber and it "shows the business model is starting to hit another gear," wrote Daniel Ives of Wedbush.
‘One of our favorite stocks in 2020’: Uber reports earnings today after market close. Here’s what 4 Wall Street analysts are talking...
Uber shares have shed as much as 18% since listing on the public market in May 2019. Still, Wall Street analysts love the stock.
UBS believes Uber is "the clear #1 player in North America," and a top player in markets where it operates outside of North America.
"India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business," said Uber's CEO.
Like other early investors, Goldman Sachs was prohibited from selling its shares until Uber's post-initial public offering lockup expired in November.