Uber and Hyundai Motor-backed autonomous vehicle firm Motional launched a commercial robotaxi service in Las Vegas on Friday, the latest in a string of similar tie-ups as the ride-hailing platform doubles down on its self-driving taxi strategy.
Uber Technologies is upgraded to a strong buy, driven by robust growth, improving financials, and an undervalued stock price. UBER's aggressive expansion in autonomous vehicles, including partnerships with Zoox, WeRide, and Baidu, positions it at the forefront of AV ride-hailing. Uber's hybrid approach—integrating human drivers and AVs—creates a defensible moat, leveraging network effects, operational scale, and technological leadership.
Uber Technologies and Amazon's Zoox announced a strategic multiyear agreement to deploy purpose-built robotaxis on the Uber app. The ride-hailing company's fourth-quarter revenue rose sharply, driven by strength in both mobility and delivery.
Uber Technologies (UBER) reached $72.96 at the closing of the latest trading day, reflecting a -2.69% change compared to its last close.
Analysts at Wedbush have highlighted Uber Technologies Inc (NYSE:UBER, XETRA:UT8)' strong positioning in autonomous vehicles (AVs) after the company announced a partnership with Amazon.com Inc (NASDAQ:AMZN)-owned Zoox. “Uber now has partnerships with every major unsupervised player, reinforcing our view that they are uniquely well-positioned to benefit from AVs,” Wedbush wrote.
Uber Technologies, Nissan Motor and U.K. self-driving car startup Wayve have joined forces to offer robotaxi services, with a pilot program in Tokyo planned for late 2026.
Uber just announced a partnership with Zoox, Amazon's robotaxi subsidiary, and the stock jumped nearly 3% on the news.
Evercore says internet stocks including Amazon.com, Meta Platforms, and Uber Technologies have fallen too far as investors worry about AI disruption and geopolitical risks.
UBER rolls out Women Preferences nationwide, letting women riders and drivers match with each other as it aims to address safety concerns and boost platform trust.
Amazon's Zoox still needs regulatory approval to use its custom-built robotaxis for commercial service
Uber Technologies (NYSE:UBER | UBER Price Prediction) shares rose 4% Wednesday morning as a wave of autonomous mobility headlines puts the stock squarely back in the spotlight.
Shares of Uber (NYSE: UBER) shot up 3.65% in pre-market trading on Wednesday, March 11, just as the company announced a new partnership with Zoox, an Amazon (NASDAQ: AMZN) robotaxi subsidiary.