Uber (UBER) Reiterated at Market Outperform by Citizens: 'Optimizing for Flexibility'

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.

For an analyst ratings summary and ratings history on Uber Inc. click here. For more ratings news on Uber Inc. click here.

Shares of Uber Inc. closed at $76.20 yesterday.

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