On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Planet Labs PBC (NYSE:PL) is up “way too much” and is just going higher.
“We’re gonna say, no,” Cramer adds. “We’re not going to pay these prices.”
Goldman Sachs analyst Anthony Valentini, on April 20, maintained Planet Labs with a Neutral and raised the price target from $18 to $20.
Cramer called Symbotic Inc. (NASDAQ:SYM) an automation company and a robotic company.
“You are going up against Elon Musk,” he said. “But there’s room for both.”
On the earnings front, Symbotic is scheduled to release second-quarter financial results after the market close on Wednesday, May 6. Analysts expect the company to report quarterly earnings at 11 cents per share on revenue of $662.65 million.
Cramer said he needs to do more work on Ollie’s Bargain Outlet (NASDAQ:OLLI), as this is the first time he has ever seen this stock decline.
The company reported fourth-quarter adjusted earnings per share of $1.39 on March 12, in line with Street estimates. Quarterly sales of $779.256 million (+16.8% year over year) missed the analyst consensus estimate of $783.271 million.
The Mad Money host recommended buying Bitcoin (CRYPTO: BTC), when asked about Strategy Inc (NASDAQ:MSTR). “We don’t need Strategy, that’s too derivative.” He added.
On April 21, Cantor Fitzgerald analyst Ramsey El-Assal maintained a Strategy rating at Overweight and raised the price target from $192 to $212.
Price Action:
- Symbiotic shares dipped 5% to settle at $59.39 on Friday.
- Planet Labs shares fell 7.4% to settle at $35.44 on Friday.
- Ollie’s Bargain shares gained 2.3% to close at $90.25.
- Strategy shares fell 0.8% to settle at $171.02 on Friday.
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