Uber Technologies Stock Slumps as Robotaxi Bet Grows

Uber Technologies ( (UBER) ) has fallen by -7.91%. Read on to learn why.

Uber Technologies shares slipped 7.91% over the past week, as investors weighed short‑term volatility against a string of long‑term growth initiatives centered on autonomous driving. The company made headlines in Europe by teaming up with Pony AI and robotaxi startup Verne to launch what is billed as Europe’s first commercial robotaxi service in Zagreb, Croatia. Pony AI will provide its Gen‑7 self‑driving systems, Verne will operate the fleet and handle regulatory work, and Uber will integrate these robotaxis directly into its app and back Verne with strategic investment aimed at scaling thousands of vehicles across Europe.

Despite the recent pullback in Uber Technologies’ stock price, Wall Street sentiment remains firmly positive. Multiple analysts, including those at Morgan Stanley and Citi, reiterated Buy ratings, pointing to strong fundamentals in Uber’s core Mobility and Delivery businesses and improving profitability. The average 12‑month price target of about $105.59 implies sizeable upside from current levels, suggesting that many professionals view the week’s decline as more of a bump in the road than a change in the story.

A key reason analysts remain bullish, even as the stock fell 7.91% this week, is Uber Technologies’ aggressive strategy in autonomous vehicles. Management aims for Uber to become the world’s leading facilitator of autonomous trips by 2029, with AV operations or testing planned in roughly 18 cities by the end of 2026 and new partnerships with players like NVIDIA, Zoox, Rivian, and others ramping from late 2026 onward. As AI and hardware costs fall and autonomous fleets become cheaper to build and more heavily utilized on Uber’s platform, investors are betting that today’s volatility could pave the way for stronger margins and higher earnings in the years ahead.