Jim Cramer Has This ‘Great Long-Term' Ride-Hailing Stock on His Radar: ‘I Am a Buyer'

TV Host Jim Cramer has backed ride-hailing giant Uber Technologies Inc. (NYSE: UBER ) on Monday, calling it a good long-term stock. Jim Cramer Says Buy Uber on Lightning Round On CNBC’s “Mad Money Lightning Round” show , Cramer shared bullish sentiments on Uber, saying that it was “one great long-term stock” and that he would not be “backing away” from the company’s stock. “The answer is, I am a buyer of Uber,” Cramer said on the show.

The recommendation comes as Uber recently announced a partnership with drone delivery company Zipline to expand autonomous food delivery across the U.S. using drones on the Uber Eats platform. Following the announcement, the companies have said they are targeting 1 million drone deliveries per day. Uber’s Robotaxi Expansion On the self-drivin...