Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he didn’t like the last quarter of GitLab Inc. (NASDAQ: GTLB). "I went over it with a fine tooth comb. There was nothing there that made me feel terrific about a high multiple stock," he added.
On April 1, Truist Securities analyst Joel Fishbein reiterated GitLab with a Buy and maintained an $80 price target.
In early March, the San Francisco-based software company announced that it beat fourth-quarter estimates, but analysts had mixed reactions regarding the 2025 outlook.
Snap Inc. (NYSE: SNAP) did not have a good quarter, Cramer said.
On Feb. 6, Snap said its fourth-quarter revenue increased 5% year-over-year to $1.361 billion, which missed the consensus estimate of $1.38 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of 8 cents per share, which beat analyst estimates of 6 cents per share.
"We are in a tougher tape than we were, the stock is only down five points from its high, Cramer said when asked about Blackstone Inc. (NYSE: BX). "I’m trying to figure out where I can make a stand, and the stand is not reached at 126."
On April 2, UBS downgraded the stock from Buy to Neutral and lowered the price target from $140 to $135.
The "Mad Money" host said it’s time to buy Palo Alto Networks, Inc. (NASDAQ: PANW).
On Feb. 26, Palo Alto Networks announced the launch of a private 5G security solution with Nvidia and other partners.
When asked about Rocket Companies, Inc. (NYSE: RKT), he said, "You do not want to be in that stock, it is time to ‘ka-ching, ka-ching.’"
On Feb. 22, Rocket Companies reported better-than-expected fourth-quarter financial results and issued guidance.
Price Action:
- Shares of GitLab gained 0.2% to close at $56.60 on Thursday.
- Snap shares fell 1.2% to close at $11.02.
- Blackstone shares fell 0.4% to settle at $126.01 on Thursday.
- Rocket Companies shares fell 1.3% to close at $13.07 during Thursday’s session.
- Palo Alto Networks shares fell 1.6% to settle at $265.20.
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