Uber stock is up on Tuesday following the rideshare company’s official Waymo robotaxi launch in Atlanta, Georgia. The company already launched services in Austin, TX, back in March 2025. Now, Atlanta Uber users can also choose whether or not they are matched with a Waymo vehicle across roughly half of the city.
With Tuesday’s move, Uber shares are approaching their intraday record high of $93.60 set on May 20. Uber’s shares have performed well in 2025 thus far, with the stock climbing 39% year-to-date. Analysts at multiple firms have revised their price forecast for the stock in a bullish way. JPMorgan in particular recently hiked its forecast for UBER, citing growth in the autonomous-vehicle space. However, some analysts suggested that the stock could take a hit following Tesla’s Robotaxi launch. Fortunately, Waymo appears to be helping Uber stay afloat.
Uber (UBER) CEO Dara Khosrowshahi has shared openness to a Tesla (TSLA) partnership for the Robotaxi development in the past. Last year, Khorosorwashi noted that he would “love” to work alongside Elon Musk for the project. “Obviously, competing with Elon Musk is no easy matter, and we take nothing for granted; we really want to partner with the autonomous industry,” the Uber head told the Financial Times. While a partnership has never been confirmed, both companies appear on the rise in the rideshare industry, and are already crowding Austin, TX streets with their autonomous cabs.
UBER is trading near the top of its 52-week range and above its 200-day simple moving average. At press time, it sits at just over $91.50 a share and may continue the momentum throughout this week if all goes well in Atlanta. CNN analysts are extremely bullish on Uber stock, rating it a 10/10 stock. They also forecast the stock to climb to $115.00, a 24% climb from current prices.
