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Uber Technologies, Inc. (NYSE:UBER) is one of the 8 Best Large Cap Stocks to Invest In Right Now. On April 17, Citizens reiterated its Market Outperform rating on Uber Technologies, Inc. (NYSE:UBER) with a price target of $100 on the stock.

The research firm pointed out that end-to-end models have materially improved the performance of autonomous vehicles (AVs). This is giving AV companies a clear path to move closer to achieving Level 4 (L4) autonomy. Citizens noted that AI has changed how AV models are designed. Better reasoning capabilities are solving edge cases and creating a clearer technical path for vehicles with LiDAR, radar, and camera sensors.

However, Citizens believes that not every company will successfully reach L4 status as financial constraints and execution risks remain key challenges. Additionally, the research firm noted another key issue is solving the “long tail” problem for AVs. However, simulation is helping speed up technical progress in this area.

Citizens noted that this development indicates that Uber Technologies, Inc. (NYSE:UBER) has an increasing number of viable partners as it continues to financially and operationally support the autonomous ecosystem. According to a report by the Financial Times, Uber Technologies, Inc. (NYSE:UBER) plans to invest around $10 billion in AVs, including about $2.5 billion in equity investments and roughly $7.5 billion for robotaxi fleets.

Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.

While we acknowledge the potential of UBER as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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