US Stock Market Move | Uber Technologies, Inc. (UBER.US) rose more than 3% as BlackRock maintained a "buy" rating and raised its target price to $120.

On Monday, Uber Technologies, Inc. (UBER.US) rose more than 3%, closing at $96.77. Analyst Ken Gawrelski of Vanguard Group maintained a "buy" rating on Uber Technologies, Inc. and raised the target price from $100 to $120. On June 25th, Uber Technologies, Inc. announced the expansion of its collaboration with Waymo, officially launching a Robotaxi service in Atlanta. Analysts pointed out that as artificial intelligence improves autonomous driving capabilities, competition in this area will intensify, highlighting the value of Uber Technologies, Inc.'s network. The large and growing user base of Uber Technologies, Inc. will help in negotiations with potential autonomous driving partners.