Analysts at Wedbush have highlighted Uber Technologies Inc (NYSE:UBER, XETRA:UT8)’ strong positioning in autonomous vehicles (AVs) after the company announced a partnership with Amazon.com Inc (NASDAQ:AMZN)-owned Zoox.
“Uber now has partnerships with every major unsupervised player, reinforcing our view that they are uniquely well-positioned to benefit from AVs,” Wedbush wrote.
The partnership will bring Zoox’s purpose-built robotaxis to the Uber app, initially deploying fleets in Las Vegas this summer and Los Angeles in mid-2027. Each city will have a dedicated fleet managed by Zoox, with additional rides available through Zoox’s own app.
Wedbush suggested the deal could expand to additional markets, as Zoox currently operates and tests vehicles in 10 US cities.
The firm wrote that Uber’s strategy of partnering with multiple AV providers “provides broad-based geographic coverage and reduces reliance on any single provider.”
The analysts highlighted that Uber’s roughly 160 million mobility users give the company unmatched demand generation capabilities, allowing it to scale AV operations more efficiently than standalone players. “Robotaxis could significantly expand Uber’s TAM, given the resulting increase in supply would drive lower-priced AV offerings,” they wrote.
Uber has grown its AV partnerships to more than 20 and is targeting active AV services in as many as 15 cities by the end of 2026, split roughly evenly between US and international markets.
Wedbush noted that the company’s recent partnership momentum “could facilitate a material increase in market exposure in 2027 and beyond,” while the AV rollout itself is expected to have “nearly zero impact on growth through 2027” due to expansion outside San Francisco.
The firm also noted that a roughly 25% pullback in Uber shares since September “presents a compelling entry point,” pointing to a similar decline in late 2024 that preceded about 70% upside over the first nine months of 2025.
Wedbush has a ‘Buy’ rating on Uber and a $110 price target, implying upside from current levels of $73.