Jim Cramer Endorses Uber for Long Term Growth Over the Next Year or Two

Uber Technologies, Inc. (NYSE:UBER) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. A caller asked for Cramer’s thoughts on the company’s growth and scale over the next year or two. He replied:

I think that in the next year or two, you want to buy this stock and settle down. I like a stock that’s come down heavily that is still doing well. I think you got horse sense.

Uber Technologies, Inc. (NYSE:UBER) operates technology platforms that connect users for mobility, delivery, and freight services. The company provides ridesharing, food and retail delivery, and digital freight logistics. During the May 11 episode, a caller asked whether the stock was a buy in light of the company putting more autonomous vehicles on the road. Here’s what Cramer had to say:

I think it’s definitely a buy. This is one of those stocks that reported a really good quarter. It sells at 25 times earnings. It’s got great growth, and that’s what we’re looking for, great growth, not just in the data center but away from the data center. And you picked a good one; there aren’t many as good.

While we acknowledge the risk and potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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