Jim Cramer Notes He Has “Great Ambitions for Uber”

Uber Technologies, Inc. (NYSE:UBER) is one of the stocks on Jim Cramer’s radar. Noting that the stock is getting close to $100, a caller inquired if Cramer sees it going beyond that. In response, Cramer commented:

“I think that Uber, we’re going to look at the fundamentals, and the fundamentals are excellent. I don’t think it’s going to be contained by $100. I have great ambitions for Uber in my head and think it’ll be up for multiple years, and you should own the stock.”

Jim Cramer Notes He Has "Great Ambitions for Uber"

A close up view of a hand holding a smartphone, using a ride sharing app.

Uber (NYSE:UBER) builds technology platforms that connect users to transportation, delivery, and freight services. The company provides everything from ridesharing and rentals to food delivery and logistics solutions. On June 6, a caller stated that people are unnecessarily concerned about Uber’s (NYSE: UBER) autonomous driving. Cramer responded:

“I agree with you, especially with the setback of Elon. Look, I gotta tell you, I’m so with you… You and I, we are so simpatico…. I think your question and answer on Uber is yes, it goes higher…”

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Disclosure: None. This article is originally published at Insider Monkey.