UBER: Jim Cramer Sees Multi-Year Upside — But $200M IPO Settlement Still in Play

Court: N.D. California

Case: 3:19-cv-06361

Uber UBER continues to attract bullish sentiment, with Jim Cramer declaring he has “great ambitions” for the stock. Speaking on air, Cramer noted that Uber’s strong fundamentals should allow it to break through the $100 mark and continue rallying over the next several years.

• “Uber is not going to be contained by $100.”
• Praised its free cash flow profile and multi-segment growth (rideshare, delivery, freight)
• Downplayed AV competition: “Especially with the setback of Elon.”

The stock is already up 41% YTD, and Cramer’s remarks reinforce growing institutional confidence, despite some investor rotation into AI-heavy names.

Despite the optimism, Uber is still working to close the book on allegations tied to its 2019 IPO. The company has agreed to pay $200 million to settle claims over misleading investors on financials, safety, and regulatory practices.

• May 10, 2019: Uber IPO raises $8.1B
• Aug 2019: $5.24B loss triggers >20% stock drop
• Oct 2019: Class action filed
• Class Period: May 10, 2019 – Nov 5, 2019

• Operating illegally in several countries pre-IPO
• Hiding serious safety risks (5,981 assaults, 107 crash deaths)
• Misrepresenting business sustainability to investors

• Eligible if you held UBER from May 10, 2019 – Nov 5, 2019
• Late claims are still open, pending court approval
• Payouts typically take 8–12 months after final approval

👉 You can check more information about it and file for a payout HERE.

Uber may be gaining ground with Wall Street bulls — but its IPO-era missteps still await full accountability.