Jim Cramer Notes “Uber (UBER)’s Good”

“No, no, Uber’s good. Uber’s good. Look, arsenic I accidental successful the book, you know, I deliberation that Uber is not an costly banal anymore. I truly similar it, $85. Let’s see. Let’s accidental you wanted to bargain 100 shares, you bargain 25 here. I’d bargain 25 astatine $80, and past I would bargain 50 astatine $75. That whitethorn beryllium the trajectory. I don’t deliberation it goes overmuch beneath that.”

Photo by Zhuo Cheng you connected Unsplash

Uber Technologies, Inc. (NYSE:UBER) operates exertion platforms that link users for mobility, delivery, and freight services. The institution provides ridesharing, nutrient and retail delivery, and integer freight logistics. Cramer discussed the company’s 4th during the November 4 occurrence and said:

“What the heck conscionable happened to the banal of Uber Technologies?… Even though I thought the 4th looked beauteous darn good, Wall Street intelligibly disagrees with me… So let’s measurement backmost a 2nd and deliberation astir Uber’s wide goals. They privation to turn their marketplace share, some ride-sharing and delivery. They privation to turn engagement with their customers, encouraging cross-selling. And arsenic portion of their goal, they privation to turn their Uber One Membership program, which comes with large benefits, and they privation to bash it each profitably.