Investors remained focused on company-specific concerns, including a reported bid for Delivery Hero and the potential impact of continued spending on autonomous vehicle initiatives.Delivery Hero Deal Faces Investor SkepticismBNP Paribas said Friday that a potential acquisition of Delivery Hero would make strategic sense for Uber, particularly in Latin America, the Middle East and parts of Asia, where the company is looking to strengthen its food delivery footprint.Analyst Nick Jones said Uber’s reported offer of 33 euros per share, or about $38, was rejected, with investors reportedly seeking at least 40 euros per share, or about $46.While Jones sees a clear strategic rationale for further consolidation in the food delivery market, he cautioned that any deal would likely weigh on Uber’s growth rate and profit margins in the near term. Over time, however, cost synergies and improved platform efficiency could help offset those pressures.BNP Paribas also warned that regulatory scrutiny could be significant given Uber’s scale, although transactions in markets where the company has a smaller presence may face fewer hurdles.“In our conversations with investors, the tone seems neutral-to-negative on the deal, reflecting elevated fears around autonomous vehicle disruption and Uber’s heavy investments into AVs,” the analyst said.The firm maintained a positive rating on Uber and reiterated a $108 price forecast, implying roughly 55% upside from the stock’s June 11 closing price.Analysts remain broadly bullish. The stock carries a Buy consensus rating with an average price forecast of $105.95. Recent analyst actions include: