Citizens analyst Andrew Boone reiterated a Market Outperform rating and $100.00 price target on Uber Inc. (NYSE: UBER).

The analyst commented, "Uber’s Houston depot (~4 MW for 40 chargers ≈ ~100 kW per charger) reflects a loadmanaged, average-utilization model designed for cost efficiency, while a fully utilized 800V Ojai setup (~12.6 MW for 36 chargers at ~350 kW peak) points to a peak-capacity approach more aligned with Waymo’s (GOOGL, MO, $515 PT) fully autonomous, high-throughput operations according to this blog post. To that end, we believe Uber is optimizing for flexibility within a hybrid AV + driver network, whereas Waymo is building infrastructure for continuous, dedicated AV utilization at full scale."

The analyst commented, "Uber (UBER, MO, $100 PT) announces Houston depot at 50K sq ft, 4MW power, 40 chargers, highlighting that fleet management, charging, and logistics are a major cost and strategic layer.

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Shares of Uber Inc. closed at $76.20 yesterday.