Uber Technologies stock soared 6% on Wednesday after the company said its Uber Eats platform added several new retail partners.
The increase came on June 24, when the share price finished up 5.95% according to TradingKey.
Analysts have been debating whether demand distribution is more important than autonomous‑driving projects for the company’s long‑term growth.
Institutional investors became more confident after Uber announced robotaxi collaborations.
A Simply Wall Street report estimates the stock may be 13.9% undervalued.
The combined news propelled the share to new heights in trading.