---
title: "Uber Technologies: Delivery Hero, ezCater Acquisition Should Push 2027 Bookings To Over $340B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301167601.md"
description: "Uber plans to acquire Delivery Hero and ezCater for up to $12.9B, boosting 2027 bookings to over $340B and EBITDA to $16.6B. Analyst Jake Fuller maintains a Buy rating with a $100 price target, citing accretive revenue take-rates and earnings growth despite increased debt."
datetime: "2026-10-07T16:21:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301167601.md)
  - [en](https://longbridge.com/en/news/301167601.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301167601.md)
generator: "portal-rs"
---

# Uber Technologies: Delivery Hero, ezCater Acquisition Should Push 2027 Bookings To Over $340B

After buying out Delivery Hero completely, **Uber Technologies Inc (NYSE:UBER)** announced a deal to acquire corporate catering platform ezCater.

The company could spend as much as $13 billion on the two deals, beyond what it has already spent on Delivery Hero’s shares, according to BTIG.

**The Uber Technologies Rating:** Analyst Jake Fuller maintained a Buy rating and price target of $100.

**Check out other analyst stock ratings**.

**The Uber Technologies Thesis:** The company funds acquisitions with cash and debt, Fuller said in the note. The deals will add more than $66 billion to Uber’s bookings and be accretive to its revenue take-rate by more than 1 point. This gets the pro forma estimates for 2027 bookings to $341 billion and revenue to $87 billion, he added.

Fuller further expects pro forma EBITDA to reach $16.6 billion with a margin of around 19%.

He estimates earnings accretion of around 5%, excluding any incremental accretion from the divestiture of overlapping Delivery Hero markets.

**The Deals:** Uber had inked an agreement in July to acquire the remaining shares of Delivery Hero, expected to close in the back half of 2027. The company now plans to acquire ezCater in a deal worth $2.3 billion, expected to close in the coming months.

Fuller said he estimates Uber Technologies to deploy $10.6 billion to buy the remaining shares of Delivery Hero. "Layering in the $2.3B for ezCater would put total uses at an estimated $12.9B," the analyst wrote.

The deals will likely leave Uber with $3.6 billion in cash and $21 billion in debt on a pro forma basis, he added.

**UBER Price Action:** Shares of Uber Technologies had declined by 1.09% to $68.33 at the time of publication on Wednesday.

 **Read Also: Uber Riders Are Paying 53% More While Waiting 19% Longer, Study Finds** 

*Image: Shutterstock*

### Related Stocks

- [UBER.US](https://longbridge.com/en/quote/UBER.US.md)
- [UBEW.US](https://longbridge.com/en/quote/UBEW.US.md)
- [UBRL.US](https://longbridge.com/en/quote/UBRL.US.md)
- [DHER.DE](https://longbridge.com/en/quote/DHER.DE.md)

## Related News & Research

- [Amazon delivers fantastic news for Uber stock investors](https://longbridge.com/en/news/305026233.md)
- [Uber wants to park your car now, too](https://longbridge.com/en/news/304888482.md)
- [Uber launches parking service following SpotHero acquisition, with an eye on robotaxis](https://longbridge.com/en/news/304888168.md)
- [Delivery Hero Lowers Bond Conversion Price Following Uber Offer Acceptance Event](https://longbridge.com/en/news/305129687.md)
- [McDonald's Expands Uber Partnership in 14 Markets](https://longbridge.com/en/news/304886683.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**