Jim Cramer Advocates for Uber as ’Buy on Weakness’ Despite Post-Earnings Dip
CNBC's Jim Cramer has labeled Uber Technologies (UBER) a 'buy on weakness' following its latest earnings report, emphasizing the company's robust growth trajectory and disciplined execution. Despite a 5% stock decline post-earnings, Uber outperformed revenue and profit expectations, with its Rides and Delivery segments driving consistent gains.
Cramer dismissed margin concerns as overstated, highlighting Uber One's success in fostering customer loyalty and recurring revenue. 'They're making tons of money,' he declared on Mad Money, underscoring confidence in the ride-hailing giant's long-term strategy.