Here’s What Wall Street Thinks About Uber Technologies (UBER)

Core Insights - Uber Technologies, Inc. (NYSE:UBER) is recognized as an undervalued stock with significant upside potential, particularly due to its expansion in the autonomous vehicle sector and strategic partnerships [1] Analyst Ratings - Brad Erickson from RBC Capital reiterated a Buy rating with a price target of $110 on December 12 [2] - Lloyd Walmsley from Mizuho Securities also maintained a Buy rating with a price target of $130 on December 10 [2] Autonomous Vehicle Strategy - Analyst Erickson highlighted Uber's commitment to its autonomous vehicle strategy, emphasizing its competitive edge through partnerships and financing [3] - Walmsley noted that Uber's autonomous driving strategy is expected to provide a safer and more cost-effective transportation mode, especially in labor-intensive markets like the U.S. and U.K. [4] - Both analysts pointed out the importance of Uber's partnerships with key players such as Waymo, WeRide, and PonyAI in positioning the company within an emerging market [4] Recent Developments - On December 12, Uber launched autonomous robotaxi rides in Dubai in collaboration with WeRide, aligning with Dubai's goal of achieving 25% autonomous journeys by 2030 [5] Company Overview - Uber Technologies Inc. operates as a global technology platform connecting consumers with transportation, delivery, and logistics services through its Mobility, Delivery, and Freight segments [6]