Uber (UBER) Partners with Amazon’s Zoox for Autonomous Ride Expansion

<p>Uber Technologies, Inc. (NYSE:<a href="https://finance.yahoo.com/quote/UBER">UBER</a>) ranks among the <a href="https://www.insidermonkey.com/blog/13-best-faang-stocks-to-invest-in-right-now-1714067/?singlepage=1">best FAANG+ stocks to invest in right now</a>. Following Uber Technologies, Inc. (NYSE:UBER)’s partnership with Zoox, Amazon’s autonomous vehicle division, BofA Securities reiterated a Buy rating and a $103 price target for the company on March 11. The deployment is anticipated for Las Vegas in the summer of 2026 and Los Angeles in mid-2027.</p>
<p>BofA expects Zoox to cover insurance and fleet costs, with rider pricing expected to be comparable to or higher than UberX prices, given its higher-end autonomous-vehicle experience. On the other hand, the firm anticipates Uber’s take rate on Zoox journeys to be lower than UberX, considering the partnership’s relevance to Uber Technologies, Inc. (NYSE:UBER) and its pricing model shift that lowers Uber’s insurance load.</p>
<p>That said, BofA expects Zoox’s contribution will have little influence on Uber’s total take rates and profitability through the end of 2027.</p>
<p>Uber Technologies, Inc. (NYSE:UBER) is a prominent global supplier of ride-hailing, food delivery, and freight services. Since its inception, the company has revolutionized urban transportation by connecting drivers and passengers through its mobile app.</p>
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