Jim Cramer Believes "Uber's going to $200"

Uber Technologies, Inc. (NYSE:UBER) is one of the stocks Jim Cramer shared his views on. During the lightning round, a caller called the company a “cash flow juggernaut”, and Cramer commented:

“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.”

Uber (NYSE:UBER) operates platforms for ridesharing, food and retail delivery, and freight logistics, connecting users with transportation, merchants, and shipping services. On July 23, a caller inquired about the stock, and Cramer replied:

“Isn’t this interesting? Think about what you asked. This is the kind of thing that is fascinating to me. Now, Peter (the caller) asked, should he stay or should he sell? But you know what he should be doing? [buy, buy, buy] He should be buying. That’s the kind of skepticism I like, healthy skepticism, but the stock is worth buying right here.”

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