Jim Cramer on Robinhood: “I Think It Still Has Room to Go Down, Even as I Think It’s a Very Good Company”

Okay, well, that’s a large question. Remember, we don’t attraction wherever you bought it. We attraction wherever it’s going to. Robinhood has got a large buyback now, but it sells astatine 28 times net erstwhile the remainder of the brokers merchantability astatine a overmuch little multiple. For instance, Morgan Stanley, which is really a precise fast-growing company, it sells astatine 14 times earnings. I cognize Robinhood is fast-growing, but astatine the aforesaid time, it doesn’t person the aforesaid benignant of sticky wealth that Morgan Stanley has. So I deliberation it inactive has country to spell down, adjacent arsenic I deliberation it’s a precise bully company. But similar I said, nothing’s idiosyncratic astatine this point.

A banal marketplace chart. Photo by Arturo A connected Pexels

Robinhood Markets, Inc. (NASDAQ:HOOD) operates a fiscal level that allows users to commercialized stocks, ETFs, options, cryptocurrencies, and different assets.

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