On Tuesday, Reuters reported that Uber Technologies (NYSE: UBER) had partnered with automaker Stellantis (STLA) and Free2Move in France. As a part of this agreement, Free2Move would help Uber to convert half of its fleet of vehicles in France to electric vehicle (EV) models.
The report stated that with an aim to double Stellantis’ revenues to $288.8 billion annually by 2030, the company intends to produce and sell more electric and hybrid vehicles.
What is Uber Stock Prediction?
Wall Street analysts are bullish about Uber with a Strong Buy consensus rating based on 24 Buys and two Holds. The average price forecast for UBER is $47.64 implying an upside potential of 77.2% at current levels.
