Robotaxi concerns create buying opportunity for Uber shares, says Oppenheimer

Oppenheimer tells investors in a research note that U.S. ride growth concerns and robotaxi have created an attractive buying opportunity for Uber (UBER) shares, with shares down 23% since earnings. In the near-term, the firm expects Uber to retake lost U.S. mobility share upon grandfathering higher insurance costs one quarter before Lyft (LYFT) and more aggressive incentives, and longer-term, Uber should benefit in a world of multiple robotaxi providers.