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Stock impact report

BofA Analysts Highlight Uber's (UBER) Autonomous Vehicle Potential [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
rating on Uber Technologies, Inc. (NYSE:UBER) with a $119 price target, noting the company's key position in the autonomous vehicle (AV) sector. The firm sees NVIDIA's autonomous vehicle activities as crucial to Uber's prospects, pointing out that NVIDIA is a powerful partner working with Uber on expediting the deployment of Level 4 autonomous technology. According to BofA Securities, Uber Technologies, Inc. (NYSE:UBER) would have greater opportunities of purchasing and renting autonomous vehicles for its network in the event that various AV manufacturers produced Level 4 vehicles. In addition, this would give consumers methods to monetize their AVs through Uber's platform. Melius Research, on the other hand, downgraded Uber Technologies, Inc. (NYSE:UBER) from Hold to Sell, citing concerns about increased competition in the AV industry, which might have an impact on Uber's market share. Melius stated that Uber Technologies, Inc. (NYSE:UBER) has set itself up as a demand aggregator Show less Read more
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