SAN FRANCISCO, June 24, 2026, 09:04 (PDT)
- Uber jumped roughly 7% during U.S. morning hours, with Lyft shares higher as well.
- Uber Eats has brought Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors and Choice Pet onto its U.S. retail marketplace.
- Robotaxi deals still sit at the heart of the bull case. But safety lawsuits and when rollouts actually happen are still risks.
Uber Technologies jumped 7.2% to $74.70 Wednesday morning after the company brought more retail brands to Uber Eats. Investors are still looking at how Uber’s delivery size stacks up against what it spends and when robotaxis could happen. Shares of Lyft were up 5.5%. Tesla was flat.
Uber is adding Kiehl’s, FedEx Office, Blick Art Materials, Academy Sports + Outdoors and Choice Pet for U.S. shoppers on its Uber Eats, Uber and Postmates apps. “Customers are using Uber Eats for more than meals,” said Hashim Amin, head of retail for North America at Uber. Uber Investor Relations
Uber’s delivery push keeps the market focused on one key question: Is Uber’s demand network really more valuable than the hit from driverless cars to its ride-hailing profit? Gross bookings climbed 21% in the first quarter on a constant-currency basis, hitting $53.7 billion. The company logged 3.6 billion trips, up 20%. Monthly active platform consumers rose 17% to 199 million. Chief Financial Officer Balaji Krishnamurthy said Uber is pursuing a “capital-efficient approach to AVs,” referring to autonomous vehicles. Uber Investor Relations
Wall Street sentiment is still mostly bullish. Consensus price target from 36 analysts is $108.35, according to Benzinga. On June 12, Tigress Financial kept its buy rating and lifted its price target to $115, up from $110.
Uber’s robotaxi push leans on partnerships, not an in-house tech stack. Nuro said Uber expects to put at least 35,000 Lucid vehicles with Nuro’s self-driving tech on the road through 2032. The first Uber-branded robotaxis are expected in a major U.S. city by late 2026.
Lucid’s latest cost cuts are raising new doubts on its supply. Business Insider said Tuesday the company plans to lay off about 18% of its U.S. workforce and drop its chief operating officer job. But BNP Paribas analyst James Picariello told the publication he saw “no real direct implication” for Lucid’s Uber-Nuro robotaxi program. Business Insider
Uber keeps pushing into robotaxi markets outside the U.S. The company and WeRide said last week they aim to launch commercial robotaxi rides in Zurich by the end of the year, if regulators sign off. Uber’s global head of autonomous mobility and delivery, Sarfraz Maredia, said Uber plans to use its “operational expertise” in the Swiss rollout. Uber Investor Relations
Tough race continues. Alphabet’s Waymo is live via Uber in Austin and Atlanta. Reuters said last month that Tesla’s robotaxi only runs in Dallas, Houston and Austin, with long waits in Austin.
Uber could get another signal for its platform plan from Lime. Reuters said on Monday that Lime, which is backed by Uber, is seeking a U.S. IPO valuation as high as $1.66 billion. Uber has shown interest in buying up to $20 million of shares in the IPO. IPOX Research Associate Lukas Muehlbauer said the price “does not look excessive” but pointed to risks around permits and costs. Reuters
Robotaxi rollouts aren’t the only problem for Uber. Uber’s board is facing a shareholder lawsuit over alleged lapses in compliance, tied to sexual abuse lawsuits and safety problems, Reuters reported Monday. Uber called the suit misleading and said it left out key facts from earlier court cases the company already addressed.
