Uber (UBER) stock; rebounds 6% as $10B robotaxi push gains cash-flow backing

TLDRs;

• Uber shares rebounded sharply after investors focused on free cash flow exceeding $10 billion.
• Strong mobility and delivery profits strengthened confidence in Uber’s multi-year autonomous vehicle strategy.
• Analysts lowered price targets, but all maintained positive ratings and saw significant upside potential.
• Robotaxi expansion remains early, with autonomous rides accounting for less than 0.5% of trips.

Uber Technologies shares staged a strong rebound on Friday, climbing 6.4% to close at $75.02 as investors shifted attention from near-term earnings concerns to the company’s rapidly expanding cash generation and long-term robotaxi ambitions.

The recovery followed a volatile week in which the stock initially fell after quarterly results before gaining roughly 10% over the final two trading sessions. The move left Uber up 6.6% for the week and suggested renewed confidence that the company can fund its autonomous vehicle strategy without putting significant pressure on its balance sheet.

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