Uber’s Robotaxi Ambitions Face Scrutiny as Shares Languish Ahead of Earnings

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Summary · why it matters

Uber Technologies Inc. faces mounting investor scrutiny over its robotaxi strategy as its shares have slumped 28% since October while the S&P 500 gained 13%. The company is expected to report a 13% year-over-year jump in second-quarter revenue on Wednesday, but analysts say strong mobility and delivery results won’t be enough to lift the stock without proof that its autonomous-vehicle partnerships are progressing. A key partnership with Alphabet Inc.’s Waymo, widely seen as the market leader, unraveled in June when Uber wound down its robotaxi pact in Phoenix, and in late July news that Waymo was exploring an exit from the exclusive deal sent Uber shares down 4% in a single day. Morningstar analyst Mark Giarelli lowered his fair value estimate to $76 per share from $85, citing growing competition from Waymo, while Roundhill Financial CEO Dave Mazza said his firm would sell Uber shares if autonomous-driving firms prove they can scale without a centralized ride-hailing network. Despite the concerns, Wall Street remains bullish, with about 86% of 58 analysts recommending the stock, though estimates for Uber’s 2026 annual profits have fallen over 17% from a year ago.

Impact on stocks 6

Robotics & Physical AI▼ · 3 stocks
Uber Technologies Inc
UBER
▼ NegativeCompetitionrelevance

Uber's robotaxi pact with Waymo unraveled, and Waymo's potential exit pressures Uber's autonomous strategy.

Alphabet Inc Class C
GOOG
▼ NegativeCompetitionrelevance

Waymo is exploring exit from Uber partnership, signaling competitive advantage.

Industrials▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
Financials▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

Roundhill InvestmentsPrivate± Mixed
relevance

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