Citizens Downplays Waymo and Tesla Competition Pressure on Uber Technologies, Inc. (UBER), Asserts Market Perform Stance

Uber Technologies Inc. (NYSE:UBER) is one of billionaire David Tepper’s top stock picks heading into 2026. On December 10, analysts at Citizens reiterated a Market Perform rating on Uber Technologies Inc. (NYSE:UBER) even as it remains under pressure owing to Waymo and Tesla Competition risks.

According to Citizens, Waymo’s autonomous vehicle service is not a significant threat to Uber’s ride-hailing service. That’s because in its current shape, it’s not positioned to capture market share due to vehicle supply constraints. Nevertheless, the research firm has warned that Waymo’s development of driving technology that no longer requires high-definition maps could pose significant competitive pressure.

Likewise, Waymo acquiring Lyft could strengthen its competitive edge, therefore posing significant pressure on Uber. In addition, the research firm is wary of Tesla’s autonomous technology, which could create a competitor with scaled manufacturing.

Meanwhile, Uber has moved to strengthen its prospects in the ride-hailing services by launching a robotaxi service in Dallas. The new service will allow people in Dallas to be matched with an Avride autonomous vehicle when requesting UberX at no additional cost.

“We’re excited to launch autonomous rides in Dallas with Avride, as we continue to build towards an increasingly electric and autonomous future,” said Sarfraz Maredia, Global Head of Autonomous at Uber.

Uber Technologies, Inc. (NYSE:UBER) is a global technology company that provides a platform connecting people needing rides or deliveries with drivers and couriers, offering services like ride-hailing (UberX, UberXL), food delivery (Uber Eats), freight logistics, and employee travel through a smartphone app, fundamentally changing urban transportation.

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Disclosure: None. This article is originally published at Insider Monkey.