Citizens Stays Bullish on UBER as Waymo Expands With New Ojai Vehicles

Citizens Stays Bullish on UBER as Waymo Expands With New Ojai Vehicles Ali Ahmed Tue, June 2, 2026 at 1:05 AM GMT+2 2 min read UBER Uber Technologies, Inc. (NYSE: UBER ) is one of the 12 Stocks Most Bought by Hedge Funds in Q1 2026 . On May 29, Citizens reaffirmed its Market Outperform rating on Uber Technologies, Inc.

(NYSE:UBER) with a price target of $100 on the stock. The update followed an announcement from Waymo that it will soon start offering rides to the general public using its new Ojai vehicle and its 6th-generation Waymo Driver platform. Waymo has recently faced supply limitations as it shifts from the I-PACE to the new Ojai model.

Citizens Stays Bullish on UBER as Waymo Expands With New Ojai Vehicles Citizens expects Waymo to speed up the growth of its fleet in current cities and expand into new cities as the Ojai begins to take rides. Waymo also maintained its earlier production forecast of tens of thousands of vehicles each year. The Ojai is simpler to produce because it already comes with punch outs for sensors and drive-by-wire systems installed before arriving at Waymo’s facility.

The I-PACE vehicles did not include these features. Waymo’s expansion shows increasing competition in the ride-sharing market. However, Citizens said it believes autonomous vehicles will help grow the overall ride-share market.

It also noted that Uber Technologies, Inc. ’s (NYSE:UBER) non-Waymo autonomous vehicle partners are continuing toward commercialization, with several partnerships expected to launch in the second half of 2026. Uber Technologies, Inc.

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