Uber is reportedly in talks with numerous banks and private institutions to receive funding for its Robotaxi service expansion. CEO Dara Khosrowshahi pitched the offer to several companies on Wednesday, entailing that paying partners would own such vehicles at a fixed rate, share revenue with fleet operators, and own Robotaxi vehicles while licensing software for self-driving technology.

“We are talking to private equity players, we have talked to banks,” the CEO said. “Once we prove the revenue model, how much these cars can generate on a per-day basis, there will be plenty of financing to go around.” Currently, Uber plans on using a “modest” portion of its around $7 billion in annual cash flows to fund deployments. Additionally, the company has said it might also sell minority stakes in companies to aid the expansion.

Uber has already offered robotaxis from Alphabet-owned Waymo on its ride-hailing app in Austin and Atlanta. It also struck a $300 million partnership in July that will allow it to deploy more than 20,000 vehicles, made by electric-vehicle firm Lucid and powered by self-driving tech from Nuro, over six years. At press time, UBER stock is down half a percent today but up 1% in the last 5 days.

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Analysts have said that mass robotaxi deployment could lower driver-reliant Uber’s operating costs and boost profitability. The company already posted solid quarterly earnings for Q3, beating Wall Street expectations. Uber saw a 17% increase in gross bookings and an 18% rise in revenue, signaling strong demand and effective cost management. The company anticipates further growth with a third-quarter bookings outlook between $48.25 billion and $49.75 billion and has initiated a $20 billion share buyback program.

Analysts maintain a bullish outlook on Uber, with price targets ranging from $92 to $110, suggesting significant upside potential from the current market price of $89.39. Uber could reach a high of $200 next, said analyst Jim Cramer in the CNBC’s Mad Money segment. He also called the company a “cash flow juggernaut” and urged investors to “go buy more here” even at the current levels. In response to a caller asking about UBER stock: “Now, Peter asked, should he stay or should he sell? But you know what he should be doing? (buy, buy, buy). That’s the kind of skepticism I like, healthy skepticism, but the stock is worth buying right here,” Cramer said.