Uber Technologies (UBER) Partners With Lyft and Baidu to Launch Driverless Taxi Trials in UK

Uber Technologies, Inc. (NYSE:UBER) is 1 of the Best Affordable Stocks to Buy According to Analysts. On December 22, Reuters reported that companies including Uber Technologies, Inc. (NYSE:UBER), Lyft, and Chinese Baidu person partnered to motorboat driverless taxi trials successful the UK by adjacent year.

As a effect of this partnership, Baidu’s Apollo Go RT6 volition articulation ride-hailing platforms successful London by 2026. In addition, Wayve, which is simply a London-based startup, is besides expected to motorboat its trials successful 2026, driven by astir $1 cardinal successful concern from Uber Technologies, Inc. (NYSE:UBER) and SoftBank. The institution volition trial its mapless, AI-driven exertion with the launch.

That said, connected December 18, Nikhil Devnani from Bernstein reiterated a Buy standing connected the banal and raised the terms people from $110 to $115. The expert noted that they stay optimistic connected the banal contempt the unit from the emerging AV industry, driven by accrued contention from players similar Waymo, Zoox, and Tesla. Devnani noted that the accrued contention from the AV manufacture has moderated the margins for the institution to immoderate extent, arsenic the institution is investing successful its halfway mobility conception and besides allocating important superior towards AV initiatives. However, regardless, the steadfast expects Uber Technologies, Inc. (NYSE:UBER) to transcend Gross Bookings and EBITDA estimates.

Uber Technologies Inc. (NYSE:UBER) is simply a planetary exertion level that connects consumers with transportation, delivery, and logistics services. The institution operates done its Mobility, Delivery, and Freight segments, offering ride-hailing, repast delivery, and freight brokerage solutions.

While we admit the imaginable of UBER arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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