Guggenheim: Uber (UBER.US) is expected to be a long-term winner in autonomous driving, and the value of takeout cannot be ignored

The Zhitong Finance App learned that Guggenheim (Guggenheim), a well-known investment agency on Wall Street, began covering UBER.US (UBER.US) in bullish research reports, gave it a “buy” rating after the first coverage, and is betting that the company's potential upward space for the next 12 months is close to 50%. Guggenheim's core logic for bullish Uber's stock price lies in the global ride-hailing leader's “industry-leading” multi-platform network, cutting-edge technology and brand assets, and more importantly — Uber's potential to become a long-term winner in the global autonomous driving field.

As far as Uber's valuation and fundamental expansion expectations are concerned, the huge incremental space brought about by the “super blue ocean” of the autonomous driving market can be described as the core logic of the current market optimistic about Uber's prospects. This is also the core logic of Pershing Square Capital Management, founded and personally led by hedge fund legend Bill Ackman, to increase the allocation of Uber.

According to the Guggenheim analyst team, Uber's exclusive multi-platform network is more than three times the size of its rival in the online car-hailing business, and this reach further positions the company in a very favorable position in the wider adoption of fully autonomous driving technology (FSD) -led online car-hailing.

The team led by Michael Morris (Michael Morris), a senior analyst at Guggenheim, wrote in the research report: “We expect autonomous vehicles (AV) to account for 20% of the overall online car-hailing market in the US by 2035, and Uber is expected to benefit greatly from the sharp increase in demand and supply under the wave of autonomous driving with industry-leading online car-hailing market demand.”

Furthermore, the Guggenheim analyst team also said that investors have relatively ignored Uber's takeout and convenient product delivery business; the business is currently expected to achieve double-digit growth driven by factors such as fresh food and retail, membership subscription platforms, and advertising.

Analyst Morris added, “We think Uber's current valuation is a very attractive entry point.” Guggenheim also set a target share price of $140 within 12 months for Uber, which was first covered by the research report, which means that Uber's stock price has a potential upside of up to 48% compared to Tuesday's closing price. Since this year, with the help of autonomous driving as a major catalyst, Uber's stock price has risen as high as 56% since 2025, outperforming the Nasdaq 100 Index by a large margin.

Recently, several Wall Street financial giants said that as AI models drive the rapid development of completely unmanned autonomous driving technology around the world, not only may Tesla and Alphabet's Waymo benefit greatly from the cutting-edge technology catalysis of autonomous driving, but the world's two major online car-hailing giants — Uber (UBER.US) and Lyft (LYFT.US) — may be long-term winners in the stock market benefiting from the major trend of autonomous driving.

Bank of America (Bank of America) believes that investors should never overlook the important role American ride-hailing giants Uber and Lyft will play in this growing market of emerging cutting-edge technology.

The Wall Street giant anticipates that Uber and Lyft will soon announce deep partnerships in the field of incremental autonomous driving with several major automakers. Looking ahead, Uber and Lyft are considered by the agency to be in an advantageous position in the field of autonomous driving between 2026-2027, mainly because Uber and Lyft will provide a network platform for large-scale deployment of fully driverless Robotaxi electric vehicles for many car companies developing increasingly advanced fully autonomous vehicles. The Bank of America gave both technology companies that focus on online car-hailing services a “buy” rating and is optimistic about the long-term bull market prospects.

In recent years, as the development of autonomous driving technology has entered an acceleration channel, the two companies are not only focusing on technical cooperation, but are also actively building infrastructure to support autonomous vehicles. These include charging stations, high-speed internet access, and training of technical and equipment support personnel. These measures ensure the foundation for the efficient operation of autonomous vehicles and will greatly enhance the Robotaxi service experience for passengers.

Morgan Stanley predicts that by 2030, the adoption rate of vehicle teams equipped with “partial to fully automated driving” in developed markets is expected to rise from 8% in 2024 to 28%, creating a related market opportunity of about 200 billion US dollars (Robotaxi vehicles/parts+software subscription+mobility services). Morgan Stanley predicts that by 2030, the adoption rate of vehicles equipped with “partial to full automation” in developed markets is expected to rise from 8% in 2024 to 28%, creating a related market opportunity of about 200 billion US dollars (complete vehicle/parts+software subscriptions+travel services). Another Wall Street giant, Goldman Sachs predicts that the compound annual growth rate of Robotaxi online car-hailing in the US will be as high as 90% from 2025 to 2030.

Morgan Stanley even sees “Tesla Mobility/Robotaxi” as the medium- to long-term core profit pool for this electric vehicle leader; by 2040, Tesla's automated mobility fleet is expected to reach about 7.5 million vehicles, with an income of about 1.46 US dollars per mile and an EBITDA rate of about 29%; based on strong growth expectations that Robotaxi and Optimus Prime robots will bring, Morgan Stanley sees Tesla's long-term “bull market scenario” target stock price at $800 per share.