Autonomous vehicle outlook remains central to Uber's narrative
UBER•Analysts say autonomous vehicles remain central to Uber's outlook, with attention focused on the opportunities and risks rather than near-term financial performance. The median price target from 52 brokerages is $100, and the average rating is “buy.”
1. Autonomous vehicle outlook
Barclays said low market share in autonomous-vehicle supply may remain an overhang, while travel demand and lower gas prices could provide a tailwind. Bernstein said Uber is likely to remain rangebound as investors focus on autonomous-vehicle opportunities and risks. BTIG said Uber could improve utilization for autonomous-vehicle fleets in a fragmented market, but saw nothing yet to shift the narrative favorably. Jefferies said Uber's plans to scale driverless offerings in 2027 and 2028, particularly in the United States, should alleviate competitive concerns.
