Doordash Inc - A

Uber Technologies stock rose 1.6% to $77.15, outperforming the market, after CFO Balaji Krishnamurthy highlighted plans for opportunistic buybacks and continued investment in autonomous vehicles at a Morgan Stanley conference.

Uber Technologies is expanding its Uber Eats service to seven additional European countries, aiming for $1 billion in extra gross bookings over three years. The move comes as the company prepares for a CFO transition and awaits approval for a Türkiye delivery acquisition.

DoorDash shares closed at $160.34 Friday, showing relative stability after a sharp decline. The company reports fourth-quarter earnings after markets close on Wednesday.

DoorDash shares edged higher in premarket activity, attempting to recover from a steep 8.2% drop in the prior session. Bank of America reiterated its Buy recommendation but lowered its price target to $260 from $305.

DoorDash stock declined slightly as investors await the company's upcoming earnings report, with attention on consumer demand and margins against a backdrop of flat retail sales and pending economic data.