From Nasdaq: 2025-06-25 11:43:00

Uber Technologies has launched an autonomous ride-hailing service in Atlanta in partnership with Alphabet’s Waymo, following a similar service in Austin, TX. The service currently covers 65 square miles in Atlanta, with riders paying standard rates. Uber also has partnerships with other vehicle firms like NVIDIA to accelerate autonomous driving solutions.

Uber’s strategic partnerships help avoid high R&D costs, with a focus on becoming a ride-hailing super app. The company aims to further expand its self-driving taxi service, with a run rate of 1.5 million autonomous trips. Uber’s dominant market share in ride-hailing gives it an advantage in the AV space, allowing for quick scaling of autonomous services.

Shares of Uber have gained 48.9% in the past six months, outperforming the industry. However, the company appears overvalued with a high forward earnings multiple compared to the industry average. Uber has a Value Score of D, and the Zacks Consensus Estimate for its 2025 and 2026 EPS has increased in the past 30 days. Uber currently holds a Zacks Rank #3 (Hold).

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Read more at Nasdaq: Uber Launches Robotaxi Service in Atlanta With Waymo: What’s Ahead?