12:19 PM EST, 02/03/2025 (MT Newswires) -- Uber Technologies ( UBER ) investors remain cautious ahead of its Q4 results amid Robotaxi concerns, though in-line results, especially around mobility, should drive the stock higher, Oppenheimer said in a note e-mailed Monday.

The ride-hailing giant is scheduled to report Q4 results Wednesday. Oppenheimer expects earnings of $0.45 a share on revenue of about $11.81 billion.

"We believe Robotaxi will be a [total addressable market] expander for Uber ( UBER ) assuming Tesla (TSLA) does not become the only full self-driving company and believe Tesla Robotaxi enthusiasm will fade without meaningful improvement over the next 12-18 months," Oppenheimer analysts, including Jason Helfstein, said in a note to clients.

The brokerage reiterated Uber ( UBER ) as its "best idea heading into Q4 results," but acknowledged the risk around Robotaxi update, the analysts said.

Oppenheimer has an outperform rating on the stock, with an $85 price target

Uber ( UBER ) shares were up more than 2% in recent trading.

Price: 68.52, Change: +1.67, Percent Change: +2.50