12:28 PM EDT, 06/05/2025 (MT Newswires) -- Uber Technologies ( UBER ) is well-positioned for the longer term in its autonomous vehicle strategy, RBC Capital Markets said Wednesday in a report.

Uber ( UBER ) and Alphabet's (GOOG, GOOGL) Waymo have expanded their partnership to bring autonomous ride-hailing to Austin, Texas, and Atlanta, and rollout plans "appear right on schedule," RBC said.

After delays, "we still expect Tesla (TSLA) to have an AV product on the road at some point within the next few months, which could carry dislocation potential" for Uber ( UBER ) and Lyft ( LYFT ) , RBC said.

Analysis showed Uber's ( UBER ) pricing in May rose 2.9% from April, compared with Lyft's ( LYFT ) 2.4% increase, signaling "a healthy, rational market," RBC said.

Pickup times for Uber ( UBER ) slowed slightly in May from April, the report said.

RBC reiterated its outperform rating on Uber ( UBER ) stock with a price target of $94.

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