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We recently published a list of Jim Cramer Recently Looked at These 18 Stocks. In this article, we are going to take a look at where Roblox Corporation (NYSE:RBLX) stands against other stocks that Jim Cramer discusses.
During the episode, Cramer showed bullish sentiment toward Roblox Corporation (NYSE:RBLX) and called it “terrific.”
“There’s no real theme to the other stocks on the list… Then there are two one-offs, Roblox and Mosaic. The game of Roblox is something that fascinates kids. It may be too much for all I know, but the point is it’s insanely popular. It’s done nothing but go up ever since it was attacked by short seller[s]. I gotta tell you, I think that it’s cleaned up its act. I think it’s terrific.”
Roblox (NYSE:RBLX) provides a platform for creating, sharing, and experiencing immersive 3D content, offering tools for developers and infrastructure services to support user-generated virtual experiences and real-time interaction. On March 22, 2024, Cramer said that he was waiting for the stock to take off and believed that “it is taking off.” He remarked:
“Let’s talk about Roblox, the online gaming and game creation platform that’s insanely popular with kids. 71.5 million daily active users in the latest quarter but because they never pivoted to profitability, yet, the stock hasn’t gotten as much love as I think it should’ve… It’s the beginning of the great re-acceleration. Daily average users up 22%, hours engaged up 21%, revenues up 30%, bookings up gigantically. […] I’ve been waiting for this one to take off — it is taking off.”
A person taking lessons through Roblox Education, expanding their knowledge and skills.
Since the above comment was aired, Roblox (NYSE:RBLX) stock has gained nearly 160%.
Overall, RBLX ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RBLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
