Zinger Key Points
- Snap did not have a good quarter, Cramer says.
- Cramer suggests buying Palo Alto Networks.
- Get Monthly Picks of Market's Fastest Movers
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he didn’t like the last quarter of GitLab Inc. 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. 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. 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. 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. 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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