Friday, March 29, 2024
Homemad moneyCramer endorses buying Roblox stock: 'This is the real deal'

Cramer endorses buying Roblox stock: ‘This is the real deal’

  • "You've got my blessing to put on a position in Roblox right now, right here, although I'd like it of course at a much lower level," CNBC's Jim Cramer advised in owning shares of Roblox.
  • The online video game company began trading on public markets on March 10. The stock is up 8.5% from its first trade and boasts a market cap of $38.54 billion.
  • "The stay-at-home economy allowed them to break out, but going forward I'm betting they can maintain a lot of this flywheel-like momentum," Cramer said.

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