BUZZ-Street View: The outlook for self-driving cars remains central to the Uber narrative

November 5 - ** Uber UBER.N expects (link) fourth-quarter profit to fall short of expectations due to a shortage of drivers, rising fuel costs, and the conflict in the Middle East weighing on ride-hailing business growth.

** The median target price from 52 brokerages covering the stock is $100; the average rating is "Buy" — LSEG data

Ambition for autonomous driving remains central

** Barclays (rating: "Overweight", target price: $100) notes that increased travel demand and falling oil prices will provide favorable momentum for the company's development, but the low market share in the supply of autonomous vehicles may still pose pressure.

** Bernstein (rating: "Outperform", target price: $90) states that Uber's share price may remain range-bound as market attention continues to focus on the opportunities and risks brought by autonomous driving rather than short-term financial performance.

** BTIG ("Buy", target price: $90) states: "We remain positive on the fragmented state of the market and believe Uber can improve utilization of its autonomous vehicle fleet, but have yet to see sufficient evidence to shift market expectations in a more favorable direction."

** Jefferies ("Buy", target price: $110) says the company plans to scale up its autonomous vehicle services in 2027 and 2028 (particularly in the United States), which should help ease concerns about competition.

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