Uber Stock Tanks Despite Jim Cramer’s Bold ’Double Your Money’ Prediction

Uber shares took a nosedive today—right after CNBC's Jim Cramer slapped a 'double-up' price target on them. Because nothing fuels a sell-off like bullish hype from TV pundits.

Street's Love-Hate Relationship With Cramer

Another day, another Cramer call backfiring spectacularly. The Mad Money host's endorsement now carries the same weight as a crypto influencer's '100x gem' tweet—retail investors brace for impact.

Uber's Reality Check

Market shrugged off the prediction like stale DeFi yields. Shares dropped 5% intraday, proving Wall Street's golden rule: If Cramer's pounding the table, check your wallet.

Bonus finance jab: At this rate, Uber's path to doubling might require inventing a new EBITDA metric—'Adjusted Dreamer Profits.'

When Jim Cramer spoke highly of Uber, the stock price was trading at the $89.94 level. After his prediction, Uber stock fell to the $86.91 level, shedding 3.4% of its value and erasing $3.03.Cramer said during the Mad Money lightning round. The timing of his prediction is notable as it went south when he said it would go north.

Jim Cramer Predicts Uber Stock to Rise 130%

Uber could reach a high of $200 next, said Jim Cramer in the CNBC’s Mad Money segment. He also called the company aand urged investors toeven at the current levels. It was at the $89.94 range when he gave the buy call, and it ended at $86.91 by the next day.

Jim Cramer also doubled down on his Uber stock prediction after a caller asked his opinion on whether to hold or sell.he said.