The Zacks Analyst Blog Uber, WeRide and Amazon's

For Immediate Releases

Chicago, IL – April 2, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include  Uber Technologies UBER, WeRide WRD and Amazon’s AMZN.

Here are highlights from Thursday’s Analyst Blog:

Dubai Robotaxi Push by Uber & We Ride: AV Growth Heating Up?

Uber Technologies, in collaboration with WeRide, a Chinese autonomous vehicle company, launched fully driverless, fare-charging robotaxi services in Dubai. This rollout represents one of the first instances of Level 4 autonomous vehicles entering commercial service in the city, marking a key milestone in the companies’ growing AV collaboration. The initiative also aligns with Dubai’s goal of making 25% of all journeys autonomous by 2030.

The service is operating without a safety driver onboard across select routes in Jumeirah and Umm Suqeim — two of Dubai’s prominent coastal and tourist-heavy areas. The deployment is being carried out in collaboration with Dubai’s Roads and Transport Authority (“RTA”). Riders can access these autonomous vehicles through the “Autonomous” option on the Uber app, which matches them with a WeRide robotaxi.

This commercial launch builds on a supervised pilot program that began in December 2025. Following the trial’s success, the RTA granted WeRide a driverless vehicle trial permit in February 2026, enabling it to deploy fully autonomous robotaxis across a broader set of locations.

These include key commercial and industrial hubs such as Dubai Silicon Oasis, Dubai Investment Park Second and Jabal Ali Industrial First; suburban areas like Nad Al Sheba, Wadi Al Safa, Warsan and Ras Al Khor; as well as Al Hamriya Port, a major maritime trade center. These regions are among Dubai’s most active zones for transport, logistics, and commerce, and service expansion into these areas will be phased under RTA supervision.

The development supports the UAE’s broader smart mobility agenda while strengthening WeRide’s strategic partnership with the RTA. It also advances the company’s long-term objective of deploying tens of thousands of robotaxis globally by 2030, positioning it as a key player in the evolving autonomous mobility ecosystem.

For Uber, this launch significantly bolsters its autonomous vehicle strategy by expanding real-world, revenue-generating deployments in a major international market. Integrating WeRide’s driverless technology into its platform allows Uber to accelerate the transition toward an asset-light AV model while maintaining the role as a leading mobility aggregator. The Dubai rollout provides valuable operational data, enhances user familiarity with autonomous rides and strengthens Uber’s partnerships with AV developers and regulators — key elements in scaling its global AV ambitions.

Uber aims to establish a strong foothold in the robotaxi space through a partnership-focused approach. By working with third-party autonomous technology developers, the company sidesteps the heavy research and development costs required to build proprietary self-driving systems. Recently, Uber entered into a strategic partnership withAmazon’s Zoox to deploy its purpose-built robotaxis on the former’s platform.

The Amazon unit and Uber indicated that the service is expected to launch in Las Vegas during the summer, with an expansion to Los Angeles planned by mid-2027. The Amazon unit’s robotaxis differ from many other autonomous vehicles currently in development because they are not modified versions of traditional passenger cars. Instead, the vehicles are purpose-built specifically for ride-hailing services and designed to enhance rider comfort and social interaction.

UBER’s Share Price Performance, Valuation and Estimates

Shares of UBER have declined in double digits over the past three months. Courtesy of the downbeat performance, UBER’s shares have underperformed the ZacksInternet-Services industry over the same time frame.

From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.44X. UBER is inexpensive compared with its industry.

The Zacks Consensus Estimate for full-year 2026 and 2027 has been declining in the past 60 days.

UBER's Zacks Rank

UBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Previewreports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.

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