Uber Technologies, Inc. (UBER) “Is Just A Steady Good Story,” Says Jim Cramer

We recently published 10 Stocks Jim Cramer Mentioned As He Talked About “Love Lost” Between Microsoft & OpenAI. Uber Technologies, Inc. (NYSE:UBER) is one of the stocks Jim Cramer recently discussed.

Uber Technologies, Inc. (NYSE:UBER) is a ride-sharing company whose shares have gained 42% year-to-date. The firm has benefited from the growth in ridesharing services, which include a partnership between it and Waymo. Uber Technologies, Inc. (NYSE:UBER)’s shares gained 3.9% after the firm’s second-quarter earnings report saw its gross bookings of $46.8 billion beat analyst estimates of $46.4 billion. During the quarter, the firm’s 180 million monthly active platform users also beat analyst estimates of 176.6 million. Here’s what Cramer said about Uber Technologies, Inc. (NYSE:UBER) after the earnings:

“Look this is just a steady good story. Boy the stock was down five this morning. I think it was from people who didn’t understand the [inaudible] but this could be just throws off cash like no tomorrow. I thought that was really interesting because remember when they used to lose cash like no tomorrow?”

Photo by Paul Hanaoka on Unsplash

Cramer wagered a guess at Uber Technologies, Inc. (NYSE:UBER)’s future share price in his earlier remarks. Here is what he said:

“Okay, stock’s up, stock’s up 45%. I got so many, I got a lot of stocks that are down. Those are the ones that gotta wake up. I think Uber’s going to $200. I just say you go buy more here. That’s the only solution that I see.”

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