UBER Nears All-Time High, Robotaxis & Waymo Partnership Driving Growth

Uber’s recent 50% stock surge reflects a strategic shift from fears of obsolescence to a future defined by autonomous vehicle integration. Megan Brantley, VP of Research at Likefolio, notes that while consumer interest remains flat, Uber is maintaining growth by leveraging its captive audience of 170 million monthly active users across 10,000 cities. The partnership with Waymo serves as a critical catalyst, significantly reducing costs and meeting high consumer demand for autonomous trips, which in Austin outperformed 99% of human drivers. This transition aligns with a generational shift where younger consumers are 25% less likely to drive themselves, increasing reliance on the Uber ecosystem. Despite these tailwinds and the success of the Uber One membership—which drives 60% of Uber Eats deliveries—potential disruption from Tesla’s robotaxi remains a risk due to consumer price sensitivity. Current data suggests the stock is fairly valued, maintaining a neutral to slightly positive outlook.