Key Highlights:
- Uber Technologies teams up with Waymo to launch commercial robotaxi services in Atlanta by 2025.
- Analysts predict an average price target of $89.08 for Uber, reflecting a potential upside of 21.86% from the current price.
- Uber's GF Value suggests a slight downside, with the stock estimated to be valued at $72.48.
Uber and Waymo: A Strategic Partnership
Uber Technologies Inc. (UBER, Financial) is making headlines with its latest venture alongside Waymo to roll out commercial robotaxi services in Atlanta by the summer of 2025. This partnership outlines a clear division of responsibilities: Uber will handle the vehicle maintenance and seamless integration into their app, while Waymo will concentrate on the critical aspects of technology and operational management. The service will deploy Waymo's specialized Jaguar I-PACE vehicles, marking a significant step forward in autonomous transportation.
Analysts' Price Predictions for Uber
The financial community maintains a bullish outlook for Uber Technologies Inc. (UBER, Financial), as evidenced by the one-year price targets set by 40 analysts. The average price target stands at $89.08, with projections ranging from a high of $115.00 to a low of $68.00. This average target suggests a potential upside of 21.86% from Uber's current trading price of $73.10. For a comprehensive view of these predictions, investors can explore the Uber Technologies Inc (UBER) Forecast page.
Brokerage Recommendations
Uber Technologies Inc.'s (UBER, Financial) performance is further underscored by the consensus recommendation from 54 brokerage firms. The average brokerage recommendation stands at 1.9, which correlates to an "Outperform" rating. This recommendation scale ranges from 1, indicating a "Strong Buy," to 5, representing a "Sell."
Assessing Uber's GF Value
According to GuruFocus estimates, the GF Value of Uber Technologies Inc. (UBER, Financial) in one year is anticipated to be $72.48. This valuation suggests a minor downside of 0.85% from the current price of $73.10. The GF Value reflects GuruFocus' assessment of the stock’s fair trading value, derived from historical trading multiples, previous business growth, and future business performance estimates. For more detailed insights, visit the Uber Technologies Inc (UBER) Summary page.
