Citi keeps a Buy rating on Uber Technologies and $98 price target after the company announced an expanded autonomous vehicle partnership with Waymo to be its distribution and fleet management partner in Austin and Atlanta beginning in early 2025. The firm believes Uber’s size and scale as a global and hyper-local mobility network make it a core platform partner for autonomous vehicle networks while ensuring the marketplace continues to offer all forms and formats. Citi says Uber remains one of its op picks across the internet sector.
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