Street View: Brokerages eye Uber's autonomous vehicle strategy

Uber Technologies

06/08/2026 11:41

** Uber Technologies UBER.N on Wednesday outlined plans to spend more than $10 billion on robotaxis over the coming years and said Waymo remained an important partner despite reports that the Alphabet GOOGL.O unit was considering ending their alliance

MORE ROBOTAXIS
** J.P.Morgan says U.S. remains a bright spot for Uber, with accelerating growth across Mobility and Delivery; adds that autonomous vehicle developments remain key investor focus  
** Moffettnathanson ("buy," PT: $101) says a gap between Uber's ability to rapidly scale its autonomous vehicle fleet and Waymo's expansion could leave it vulnerable to market share losses in the near- to medium-term
** Canaccord Genuity ("hold," PT: $72) sees long-term potential in autonomous vehicles; but flags near-term concerns around slower-than-expected rollout of robotaxi services in the U.S.
** Wells Fargo ("overweight," PT: $89) says near-term concerns around AV disruption may persist, but 2027 could be a key test of whether the company can sustain growth as Waymo scales up 

 (Reporting by Kanchana Chakravarty in Bengaluru)
 ((Kanchana.Chakravarty@thomsonreuters.com))