Uber Secures Buy Ratings and $100–$110 Price Targets After Dubai Autonomous Launch
BTIG reaffirmed a Buy rating on Uber with a $100 price target on February 11 after announcing a partnership with Baidu and Dubai’s Roads & Transport Authority to launch Apollo Go autonomous ride-hailing in Jumeirah next month. Citi and Roth kept Buy ratings, setting $110/$105 targets after Uber’s earnings beat.
1. Analyst Ratings Overview
On February 11, BTIG reaffirmed its Buy rating on Uber with a $100 price target. Earlier in the month, Citi maintained a Buy stance with a $110 target and Roth Capital set its Buy target at $105 after Uber delivered an earnings beat.
2. Autonomous Launch Plans
Uber and Baidu partnered with Dubai’s Roads & Transport Authority to introduce Apollo Go autonomous vehicles in the Jumeirah area starting next month. The deployment is part of Dubai’s plan for 25% of trips to be autonomous by 2030 and will expand based on operational learnings and regulatory approvals.
3. Strategic Implications
The autonomous rollout enhances Uber’s Mobility segment by adding next-generation ride options and could drive incremental revenue if regulatory milestones are met. Successful execution in Dubai may pave the way for similar deployments in other global markets.