Uber Technologies (UBER) Is Down 9.0% After Waymo Seeks To End Robotaxi Partnership With Uber

• Earlier this month, media reports indicated that Alphabet’s Waymo is considering ending its robotaxi collaboration with Uber, with Uber confirming Waymo intends to operate independently in key U.S. markets such as Austin and Atlanta from January 2028.
• This potential split raises fresh questions about Uber’s reliance on third‑party autonomous vehicle partners after investing more than US$10.00 billion in self‑driving collaborations since 2020.
• We’ll now examine how the potential Waymo breakup reshapes Uber’s autonomous vehicle partnership thesis and its broader long‑term investment narrative.

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Uber Technologies Investment Narrative Recap

To own Uber today, you need to believe it can turn its global Mobility and Delivery footprint into durable, cash‑generating scale while managing the cost and complexity of autonomous vehicles and regulation. The potential Waymo split highlights execution risk in Uber’s AV partnership model but does not fundamentally change the near term focus on profitable trip growth and disciplined capital use. The biggest watchpoint now is whether AV spending stays aligned with current margin progress.

Against that backdrop, the new Foot Locker partnership on Uber Eats looks relevant because it underscores how Uber is leaning into retail to broaden its Delivery profit engines beyond food. If retail categories such as footwear and apparel gain traction, they could partially offset any bumps in the AV roadmap and support the near term catalyst of improving platform monetization, even as questions around long term AV economics remain unresolved.

Yet, while the AV story captures headlines, investors should also be aware that Uber’s growing dependence on lower margin services and membership tiers could...

Read the full narrative on Uber Technologies (it's free!)

Uber Technologies' narrative projects $77.8 billion revenue and $11.0 billion earnings by 2029.

Uncover how Uber Technologies' forecasts yield a $104.48 fair value, a 58% upside to its current price.

Exploring Other Perspectives

Some of the lowest Uber estimates were already cautious, assuming revenue of about US$71.1 billion and earnings of US$8.2 billion by 2029, and the Waymo uncertainty may reinforce that more pessimistic view of AV driven margin pressure compared with the more optimistic focus on cross platform users and retail growth.

Explore 36 other fair value estimates on Uber Technologies - why the stock might be worth over 3x more than the current price!

The Verdict Is Yours

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Uber Technologies research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Uber Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Uber Technologies' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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