Uber Technologies, Inc. (UBER) Presents at UBS Global Technology and AI Conference 2025 Transcript
The ride-hailing company launched a self-driving service in Dallas with Avride. And a Wall Street firm upgraded the stock to Buy.
Welcome to the Green Stock News brief for Wednesday December 3rd. Here are today's top headlines: Uber (NYSE: UBER) is now offering rides in Avride all-electric robotaxis across a 9-square-mile area of Dallas, where UberX, Comfort, and Comfort Electric riders may be matched with one at no extra cost.
Robotaxis are hitting the roads at a dizzying pace, and now Uber is rolling them out in Dallas. Uber is partnering with robotaxi startup Avride to launch a fleet of self-driving Hyundais.
Uber is expanding its push into the rapidly growing self-driving vehicle market with a new robotaxi service in Dallas that begins today. The rideshare giant is deploying a fleet of autonomous vehicles developed by startup Avride, which also makes delivery robots.
UBER has transformed from a cash-burning startup to a highly profitable, cash-generating enterprise, justifying a strong Buy rating. UBER's aggressive expansion into delivery, AI, and autonomous vehicles, including partnerships with NVIDIA and investments in robotaxi startups, underpins its future growth trajectory. UBER's financial turnaround is evident: $49.6B revenue (+18.25% YoY), $16B TTM net income (33.54% margin), and $6.7B levered FCF (13.68% margin).
Uber teams with WeRide to launch the Middle East's first robotaxi service in Abu Dhabi, aiming for global AV growth.
Uber Technologies rolled out driverless robotaxis in Abu Dhabi in partnership with Chinese autonomous-driving firm WeRide on Wednesday, following the tie-up they announced last year.
Uber users in Abu Dhabi can ride in a fully driverless WeRide robotaxi starting Wednesday. Uber and the China-based company first announced plans to bring the technology to the United Arab Emirates last September.
Uber Technologies posted strong Q3 growth, but operating income lagged EBITDA, raising concerns about margin expansion and market enthusiasm. UBER's Delivery vertical showed improved efficiency, with a higher Take Rate, while Mobility benefited from lower sales and marketing costs. Assigning a hold rating, I see fair value at $99 per share (20x EV/EBITDA), but recommend waiting for a better entry point around $70-$80.
Uber (UBER) stands out as a dominant, asset-light platform, with powerful network effects and diversified revenue streams across mobility, delivery, and advertising. UBER's scale, cross-platform synergies, and strategic AV partnerships position it for sustained earnings growth and margin expansion, despite regulatory and competitive risks. Valuation analysis suggests UBER is undervalued, with a fair value estimate of $115/share and double-digit annual return potential over the next five years.
Uber (UBER) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.