Uber's Delivery Business Narrows Gap With Ride-Sharing. Now Comes the Robo-Taxi Push.

Impact · against what's priced in

The report is largely neutral as the market has already priced in a severe growth deceleration and the threats of autonomous competition. While the robo-taxi investment is a strategic step, the current price specifically declines to pay for the upside of AV partnerships, making this incremental progress a slow realization of a previously rejected bull case.

UBER+0.10

Challenges what's priced in

The price assumes

Autonomous vehicle upside via partnerships

The commitment to invest billions in robo-taxis supports the potential for Uber to aggregate AV fleets, an upside the market currently declines to value.

What UBER's price assumes · Sep 11

• earnings
• ai
• UBER
• autonomous driving
• investment
• ride sharing
• robo taxis

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