Uber Technologies is positioning itself strongly in the autonomous vehicle market with the announcement of 20,000 Lucid-Nuro Robotaxis set to hit major U.S cities by 2026. Even with its bold direction in driverless cars, Uber drivers are not anxious about this transition, citing maintenance issues. Moreover, the company has shown promising financial growth and Wall Street analysts predict that the current $100 price of
UBER stock could soon become the 'floor'. Jim Cramer, a famed investor, backs this with his belief that
Uber's stock could go up to $200 in time. Even as the company faces competition from its rival, Waymo, Wall Street remains optimistic about the potential of Uber's stock. The company continues to diversify its income streams, such as its expansion of Uber Eats in key Abu Dhabi districts and its strategic partnerships with iFood in Brazil, May Mobility, and WeRide, increasing its presence globally while honing in on autonomous mobility expansion. Despite recent dips in stock prices and court losses in UK appeal cases, the overall market view on the company remains bullish.
Uber Technologies UBER News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Sat, 02 Aug 2025 12:05:37 GMT -
Rating 8
- Innovation 8
- Information 7
- Rumor 6
