Uber stock steady as Citizens JMP expects Wayve partnership in 2026

Citizens JMP maintained its Market Perform rating on Uber Inc. (NYSE:UBER) Monday, highlighting the company’s upcoming autonomous vehicle initiatives in Europe. The transportation giant, currently valued at $175.5 billion and maintaining a GREAT financial health score according to InvestingPro, has seen its stock surge nearly 40% over the past six months.

The firm expects Uber’s partnership with autonomous vehicle technology company Wayve to begin operations as early as Spring 2026 in London, marking a significant step in Uber’s self-driving strategy.

Citizens JMP also noted potential for additional autonomous taxi and bus service launches through partnerships with other companies including Oxa and Waymo.

Waymo’s Head of Public Policy emphasized the company’s established presence in the region, stating, "The United Kingdom (TADAWUL:4280) has long been home to our first European engineering team dedicated to the development of our AI-powered Waymo Driver."

The autonomous vehicle partnerships represent Uber’s continued investment in next-generation transportation technologies as the company seeks to expand its service offerings beyond traditional ride-hailing.

In other recent news, Uber Technologies Inc . has been in the spotlight due to several significant developments. The company’s credit rating was upgraded to ’BBB+’ by Fitch Ratings, reflecting a positive outlook driven by Uber’s growing profit diversity and revenue growth in its delivery and mobility segments. Stifel analysts also initiated coverage on Uber with a Buy rating, setting a price target of $110, and expressed optimism about Uber’s financial targets and growth prospects in various sectors.

In a move towards autonomous driving, Uber announced a partnership with Wayve to trial fully autonomous rides in the U.K., marking a notable step in the company’s global ambitions for autonomous "robotaxi" services. Additionally, Uber has filed a lawsuit against a Miami law firm and a medical center, alleging their involvement in a scam related to staged car accidents.

Meanwhile, Coco Robotics, a partner of Uber Eats, raised $80 million in funding, enhancing its capacity to deploy delivery robots, a venture supported by notable investors like Sam Altman. These developments highlight Uber’s strategic focus on expanding its service offerings and improving its operational efficiencies.

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