RBC Capital Reaffirms a Buy Rating on Uber Technologies (UBER)

Core Viewpoint - Uber Technologies, Inc. is currently viewed as a highly profitable stock with a Buy rating reaffirmed by RBC Capital, setting a price target of $110 [1] Group 1: Business Developments - Uber has officially launched Robotaxi passenger rides in Dubai, in partnership with the Roads and Transport Authority (RTA), starting December 12 [2] - The Robotaxi service will be available in popular tourist areas, Umm Suqeim and Jumeirah, enhancing Uber's service offerings in high-demand locations [2] - The 'Autonomous' option on the Uber app allows riders to book and be matched with WeRide Robotaxis, with Tawasul managing the fleet [3] Group 2: Operational Insights - The launch of the Robotaxi service follows a pilot program initiated in April 2025, ensuring a smooth transition to autonomous mobility [4] - The trial service will operate with an on-board vehicle specialist to guarantee safety and reliability, paving the way for a fully driverless commercial service expected in early 2026 [4] Group 3: Company Overview - Uber operates as a technology platform providing ride services and delivery services, segmented into Delivery, Mobility, and Freight [5] - The Delivery segment focuses on food ordering, while the Mobility segment connects riders with drivers across various vehicles, and the Freight segment links carriers with shippers [5]