Uber Rally Amid Robotaxis Concerns
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Uber stockInvestor's Business Daily
•Technology
Technology
Uber Stock Eyes Bounce Back As Robotaxi Strategy Faces Big Test
84% Informative
Uber stock has risen roughly 30% this year , after shedding about 2% in 2024 .
Analyst Ralph Schackart : "Investor expectations moved from dire to more reasonable" Uber faces stiff potential rivals in the robotaxi arena, even as it tries to turn some competitors into allies.
Tesla is expected to be a major player too, with Chief Executive Elon Musk capturing investor's imaginations.
Uber CEO: "We think competition is great for the industry" Uber stock has formed a cup base with a buy point at 87 , according to MarketSurge .
A move above that level would mark a new high for the ride-hailing firm after a slump that started in October .
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