Citi analyst Ronald Josey believes Tesla’s (TSLA) robotaxi event last night removed an overhang on shares of Uber Technologies (UBER). The event clarified Tesla’s vision and timeline for its robotaxi, but it remains early days, and Citi emerged incrementally positive on Uber shares as a result, the analyst tells investors in a research note. The firm continues to believe Uber is well positioned to benefit from autocoups vehicles given the size and scale of its driver supply and active platform globally. Citi reiterates a Buy rating on Uber with a $98 price target.
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