TLDR
- Citizens reiterated a “Market Outperform” ranking and $100 assign target on Uber (UBER)
- UBER jumped 5.6% within the afternoon session Friday, at the second trading spherical $75.94
- The analyst cited enhance in Waymo rider-handiest miles thru Uber’s platform as a key driver
- Waymo cumulative rider-handiest miles grew 44.5 million quarter-over-quarter in Q1 2026, up 134% yr-over-yr
- Uber is down 8.4% yr-to-date and sits 24.1% beneath its 52-week excessive of $100.10
Uber (UBER) stock climbed 5.6% Friday afternoon after Citizens reiterated its “Market Outperform” ranking and $100 assign target on the stock, pointing to continued enhance momentum tied to Waymo’s expansion thru Uber’s platform.
Uber Applied sciences, Inc., UBER
The stock turn into trading at $75.94 at the time of writing, sitting 24.1% beneath its 52-week excessive of $100.10 build in October 2025. Uber is down 8.4% since the originate up of the yr.
The Citizens analyst flagged Waymo’s “rider-handiest miles” — journeys taken in Alphabet’s self sustaining autos on hand by potential of the Uber app — as a key certain. In Q1 2026, Waymo added 44.5 million cumulative rider-handiest miles quarter-over-quarter, a 14% lengthen and 134% upward thrust yr-over-yr.
That acknowledged, momentum did slack. In Q4 2025, Waymo’s miles grew 40% quarter-over-quarter and 157% yr-over-yr, so the deceleration turn into positive. Citizens attributed the slowdown to manufacture constraints as Waymo transitions from its fifth-generation Jaguar I-PACE to its sixth-generation Ojai automobile. The Ojai began public rider journeys in May moreover 2026.
Waymo Geography Shifting
San Francisco and Los Angeles accounted for roughly 55% of Q1 2026 miles, down from 62% in Q4 2025. Atlanta entered the reporting mix for the first time, contributing 11% of Q1 mileage. Markets including Houston, San Antonio, and Orlando aren’t but reflected in Waymo’s reported numbers.
Citizens infamous those figures are doubtless understated, given sleek markets draw present away from established ones whereas Waymo stays constrained general.
This isn’t the first catalyst for UBER this week. Two days earlier, the stock won 5.8% after Uber launched it turn into adding five sleek retail companions to the Uber Eats marketplace — Kiehl’s, FedEx Jam of labor, Blick Art Provides, Academy Sports activities + Outdoors, and Different Pet.
Extra Catalysts within the Mix
That same day, Tigress Financial Partners raised its assign target on UBER to $115. A filing moreover disclosed that U.S. Representative Nancy Pelosi made a sleek bullish guess on Uber thru prolonged-dated name alternatives. One by one, Uber revealed plans with partner WeRide to open a industrial robotaxi provider in Zurich, its second deliberate European deployment.
On the competitive entrance, Wells Fargo data confirmed Uber’s initiating provider saw a runt 1% decline in product costs and client charges — a incompatibility to DoorDash, which raised charges by 21% whereas reducing product costs by 4%.
Lime, the electrical scooter and bike firm, named Uber as an anchor investor in its upcoming IPO.
Merchants who place $1,000 into Uber five years ago are sitting on roughly $1,486 at the original time.
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