Jefferies analysts have reiterated a Buy rating for Uber Technologies, citing the recent 17% share price pullback since late September as an attractive entry point. Despite renewed concerns around autonomous vehicle development, the firm highlights Uber’s ability to generate positive free cash flow and deliver year-over-year revenue growth of more than 30%. The repeat Buy recommendation underscores confidence in the company’s core ridesharing business, which controls roughly 75% of the U.S. market and continues to expand internationally with average quarterly trip growth of 20%.

Uber has renewed its global mapping agreement with TomTom for an additional five years, enhancing routing precision for both ride and delivery services. That deal follows the unveiling of a robotaxi design in collaboration with Lucid and Nuro at CES 2026, signaling the company’s commitment to scaling its autonomous network. With production testing set to begin later this year, these partnerships aim to reduce per-ride operational costs by up to 15%, according to internal estimates, and support Uber’s longer-term goal of integrating self-driving vehicles into its platform.

A bipartisan legislative initiative led by Representative Brett Guthrie seeks to ease safety exemptions for autonomous vehicles, potentially accelerating commercial deployment in the U.S. If passed, the Motor Vehicle Modernization Act could increase the annual cap on exempt AVs from current limits of fewer than 100 to more than 500. Investors will be watching how this legislation affects Uber’s Advanced Technologies Group, which is already piloting self-driving fleets in select cities. While regulatory shifts present both opportunities and complexities, Uber’s strong balance sheet and robust cash generation should help the company navigate evolving rules and capture growth in the autonomous mobility segment.