Guggenheim: Uber Technologies, Inc. (UBER.US) is expected to become a long-term winner in the self-driving market, and the value of food delivery is equally significant.

Wall Street's renowned investment firm Guggenheim has started covering Uber Technologies, Inc. (UBER.US) in their bullish research report, giving it a "buy" rating for the first time and betting on a potential upside of nearly 50% in the next 12 months. The core logic behind Guggenheim's bullish outlook on Uber Technologies, Inc.'s stock price lies in the global ridesharing leader's "industry-leading" multi-platform network, cutting-edge technology, and brand assets, but more importantly, the potential for Uber Technologies, Inc. to become a long-term winner in the global autonomous driving field. For Uber Technologies, Inc., the tremendous growth potential brought by the "super blue ocean" of the autonomous driving market is seen as the core logic supporting the optimistic view on its prospects in the current market. This is also the core logic behind PanXingSquare Capital Management Company, founded and personally helmed by hedge fund legend Bill Ackman, ramping up their allocation to Uber Technologies, Inc. The Guggenheim analyst team stated that Uber Technologies, Inc.'s exclusive multi-platform network scale is over three times larger than its closest competitors in the ridesharing business, further positioning the company favorably in the adoption of fully self-driving technology (FSD) dominantly in ridesharing fleets. The team led by senior analyst Michael Morris at Guggenheim wrote in the report, "We expect that by 2035, autonomous vehicles (AVs) are expected to account for 20% of the overall ridesharing market in the USA. Uber Technologies, Inc. is poised to significantly benefit from the increased demand and supply under the wave of autonomous driving, driven by its industry-leading ridesharing market demand." Furthermore, the Guggenheim analyst team also mentioned that investors have relatively overlooked Uber Technologies, Inc.'s food delivery and convenience-focused delivery services; this business segment is currently expected to achieve double-digit growth supported by tailwinds from fresh produce and retail, membership subscription platforms, and advertising. Analyst Morris added, "We believe the current valuation of Uber Technologies, Inc. is a very attractive entry point." Guggenheim's target price for Uber Technologies, Inc. in the next 12 months is set at $140, indicating a potential upside of up to 48% from Tuesday's closing price. Since the beginning of the year, with the significant catalyst of autonomous driving, Uber Technologies, Inc.'s stock price has surged by 56%, significantly outperforming the Nasdaq 100 index. In recent times, several Wall Street financial giants have stated that with the rapid development of fully driverless autonomous driving technology driven by AI large models, not only Tesla, Inc. and Waymo under Alphabet may significantly benefit from this cutting-edge technology catalyst, but also the two global ridesharing giantsUber Technologies, Inc. (UBER.US) and Lyft (LYFT.US)could be long-term winners in the stock market benefitting from the trend of autonomous driving. Bank of America Corp. believes that investors should absolutely not overlook the important roles that the U.S. ridesharing giants Uber Technologies, Inc. and Lyft will play in this rapidly growing emerging technology market. The Wall Street giant predicts that Uber Technologies, Inc. and Lyft will soon announce deep partnership relationships in the incremental autonomous driving field with several major automakers. Looking ahead, Bank of America Corp. considers Uber Technologies, Inc. and Lyft to be in favorable positions in the autonomous driving field during the period of 2026-2027, mainly because they will provide a wide-scale deployment network platform of fully driverless Robotaxi electric vehicles for several car companies developing increasingly advanced fully driverless car fleets. Bank of America Corp. has given a "buy" rating to both of these tech companies focusing on ridesharing services and holds an optimistic view on their long-term bullish prospects. In recent years, as the development of autonomous driving technology has entered the fast track, these two companies have not only focused on technology partnerships but also actively built infrastructure to support autonomous driving vehicles. This includes charging stations, high-speed internet connectivity, and training specialized technical and equipment support personnel, ensuring the efficient operation of autonomous driving vehicles and greatly improving the passenger experience of Robotaxi services. Morgan Stanley projects that by 2030, the adoption rate of vehicles equipped with "partial to fully automated driving" in developed markets is expected to increase from 8% in 2024 to 28%, forming a market opportunity of approximately $200 billion (Robotaxi whole vehicles/parts + software subscriptions + travel services). Another Wall Street giant, Goldman Sachs Group, Inc., predicts that the annual compound growth rate of the Robotaxi ridesharing market in the U.S. from 2025-2030 could be as high as 90%. Morgan Stanley even considers "Tesla, Inc. Mobile Travel/Robotaxi" as the long-term core profit pool of this leading electric vehicle company; by 2040, Morgan Stanley estimates that Tesla, Inc.'s automated mobile travel fleet could reach approximately 7.5 million vehicles, with a revenue of about $1.46 per mile and an EBITDA margin of around 29%. Based on the strong growth expectations brought by Robotaxi and Siasun Robot & Automation, Morgan Stanley has raised its long-term "bull market scenario" target price for Tesla, Inc. to $800 per share.