Verne, Pony AI, and Uber Launch Europe's First Robotaxi Service

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: 1 hour ago

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UBER+1.02%

PONY+1.79%

Should l Buy UBER?

Source: seekingalpha

Strategic Partnership Launch: Verne, Pony AI, and Uber announced the launch of the first commercial robotaxi service in Zagreb, Croatia, marking a significant advancement in the European autonomous taxi market, which is expected to attract a large user base and drive market growth.
Technology Deployment Progress: Pony AI's Gen-7 autonomous driving system is currently undergoing on-road testing on the Arcfox Alpha T5 robotaxi, ensuring safety and reliability for future commercial operations, thereby laying a solid foundation for the service.
Market Expansion Plans: This collaboration is not limited to Zagreb, as the companies aim to expand the service to additional European cities over the coming years, targeting the establishment of a scalable fleet of thousands of robotaxis, further promoting the adoption of autonomous driving technology.
Integrated Service Advantage: Uber will integrate this robotaxi service into its global ride-hailing network, enhancing user experience and increasing market competitiveness, while also providing Verne with a customer-facing platform that fosters collaborative business development.

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Analyst Views on UBER

Wall Street analysts forecast UBER stock price to rise

32 Analyst Rating

28 Buy

3 Hold

1 Sell

Strong Buy

Current: 72.340

Low

72.00

Averages

107.10

High

150.00

Current: 72.340

Low

72.00

Averages

107.10

High

150.00

Citi

Ronald Josey

Buy

maintain

$110

2026-03-23

New

Reason

Citi

Ronald Josey

Price Target

$110

AI Analysis

2026-03-23

New

maintain

Buy

Reason

Citi analyst Ronald Josey believes Uber is well positioned to achieve its goal of becoming the largest facilitator of autonomous vehicle trips globally by 2029 given its growing list of partnerships. The stock can re-rate higher as Uber's autonomous vehicle initiatives ramp in the second half of the year, the analyst tells investors in a research note. Citi reiterates a Buy rating on the shares with a $110 price target.

BofA

Buy

maintain

$103

2026-03-17

Reason

BofA

Price Target

$103

2026-03-17

maintain

Buy

Reason

After Uber (UBER) and Nvidia (NVDA) announced an expansion of their AV partnership, indicating that Nvidia software powered Level 4 robotaxis will begin operating on Uber's network in Los Angeles and San Francisco in the first half of 2027 and scale to 28 cities by 2028, BofA notes that Uber appears to be in position to have multiple AV partners operating in LA and SF in 2027. As Waymo (GOOGL) and Tesla (TSLA) announced plans to scale their autonomous driving services, concerns have grown that they could take share in the U.S. rideshare market before Uber could ramp AV supply, notes the analyst, who thinks a growing roster of suppliers, combined with Nvidia's L4 platform development commitment, can shift the medium-term U.S. AV supply outlook in a more favorable direction for Uber. BofA maintains a Buy rating and $103 price target on Uber shares.

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About UBER

Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

UBER NEARS DEAL TO ACQUIRE BLACKLANE FOR A SIGNIFICANT "TRIPLE-DIGIT MILLION" SUM, ACCORDING TO MANAGER MAGAZIN

1 day agomoomoo

Uber's Acquisition: Uber is nearing an agreement to purchase Blacklane, a move that signifies its expansion in the high-end transportation market.
Financial Details: The deal is reported to be valued at a "triple-digit million" amount, indicating a significant investment by Uber.
Market Strategy: This acquisition aligns with Uber's strategy to diversify its service offerings and enhance its presence in premium travel services.
Industry Impact: The purchase could reshape the competitive landscape in the luxury transportation sector, potentially affecting other players in the market.

UBER INTENDS TO PURCHASE GERMANY'S BLACKLANE, ACCORDING TO MANAGER MAGAZIN

1 day agomoomoo

Uber's Acquisition Plans: Uber is planning to acquire Germany's Blacklane, a move aimed at expanding its presence in the premium transportation market.
Strategic Growth: This acquisition aligns with Uber's strategy to diversify its services and enhance its offerings in the luxury travel segment.
Market Impact: The deal is expected to strengthen Uber's competitive position in Europe, particularly in the high-end transportation sector.
Future Developments: Further details on the acquisition and its implications for both companies are anticipated in upcoming announcements.

Uber Positioned to Lead in Autonomous Vehicle Deployment

2 days agoseekingalpha

AV Partnership Expansion: Uber has recently announced a partnership with Rivian to deploy 10,000 fully autonomous R2 robotaxis, with an option for an additional 40,000, significantly enhancing its competitive position in the autonomous vehicle market.
AI Technology Support: The collaboration with NVIDIA is expected to substantially reduce the time and cost of launching autonomous vehicles, facilitating the deployment of full-stack L4 driverless technology and accelerating market supply growth.
Infrastructure Investment: Uber has committed $100 million to establish fast-charging stations in Los Angeles, Dallas, and San Francisco, and has formed a utilization guarantee agreement with EVgo in New York, Boston, San Francisco, and Los Angeles to support its electric vehicle fleet operations.
Optimistic Market Outlook: Citi analyst Ronald Josey believes that Uber's scale and strength in the autonomous vehicle sector position it to capture multi-trillion-dollar market opportunities in the future, and despite a 10% decline in stock price due to AV concerns, he encourages investors to seize this opportunity.