WeRide Secures Historic Robotaxi Permit In Saudi Arabia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
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Source: Benzinga
WeRide's Milestone in Saudi Arabia: WeRide Inc. has become the first company to receive a permit for operating driverless taxis in Saudi Arabia, launching a pilot Robotaxi service in Riyadh with plans for full commercial rollout by the end of 2025.
Global Expansion and Partnerships: The company has also secured regulatory approvals in Shanghai and Singapore for its autonomous services, enhancing its presence in multiple international markets while collaborating with major partners like Uber and Chery Group.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UBER is 114.67 USD with a low forecast of 73.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 81.700
Low
73.00
Averages
114.67
High
150.00
Current: 81.700
Low
73.00
Averages
114.67
High
150.00
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.
Waabi Raises $1B to Expand into Robotaxi Market
- Funding Milestone: Waabi has successfully raised $1 billion in its latest funding round led by Khosla Ventures and G2 Venture Partners, with the capital aimed at accelerating the commercial deployment of autonomous trucks and expanding into the robotaxi market.
- Exclusive Partnership: The startup has secured an exclusive deal with Uber to deploy over 25,000 Waabi Driver-powered robotaxis on the Uber platform, significantly accelerating the large-scale adoption of robotaxis.
- Market Expansion Plans: Waabi intends to line up agreements with manufacturers to produce new trucks equipped with its self-driving technology, further enhancing its market presence and promoting the adoption of autonomous driving solutions.
- Investment Background: In 2024, Waabi raised $200 million in an oversubscribed Series B funding round, bringing its total investment to over $280 million, attracting notable investors such as Uber, Nvidia, and Porsche.
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Joby Aviation's Risk and Upside Potential Analysis
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- Certification Progress: Currently in the final stage of FAA certification, Joby faces uncertainty; however, its superior performance in technology development positions it ahead of competitors like Archer, who rely on traditional manufacturers, indicating potential market advantages.
- Funding Requirement Risks: To ramp up manufacturing capacity and build an operational fleet, Joby requires substantial investment, which could dilute existing shareholders' interests, especially given the anticipated equity raise in 2026 amidst cash flow pressures.
- Market Competition Threat: Joby's business model faces long-term threats from Boeing's subsidiary Wisk, which plans to launch autonomous eVTOLs that could challenge Joby on pricing; nevertheless, Joby's lead in the certification process and strong partnerships may help maintain its competitive edge.
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