Jim Cramer on Robinhood: “I’ve Liked the Management Very Much”

You cognize what, they got a interruption from the SEC contiguous successful presumption of the fig of time trades radical tin do. I’ve liked the absorption precise much. The banal has travel down truthful much, and yet younger radical inactive privation to beryllium there. And they got the Trump accounts business, and that didn’t adjacent determination the stock… Look, anytime I spot the authorities backing a broker… I accidental [buy, buy, buy].

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Robinhood Markets, Inc. (NASDAQ:HOOD) operates a fiscal level that allows users to commercialized stocks, ETFs, options, cryptocurrencies, and different assets. During the March 5 episode, a caller asked if Cramer thinks the banal volition spell to $145 oregon higher, and helium replied:

Let’s upend this one… Let’s hide wherever we bought it and deliberation wherever we deliberation it could spell to. If I could bargain Robinhood astatine $80, I’d astir apt bargain immoderate here. If it went to $70, I’d bargain it precise big. So the question isn’t whether it’ll get backmost to wherever it was. The question is, would you bargain it now? And the reply is simply a resounding yes.

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