Jim Cramer: Buy Becton Dickinson, This Tech Stock Has Too High Valuation
Backblaze, Inc. Class A BLZE | 0.00 | |
Starfighters Space, Inc. FJET | 0.00 | |
JFrog Ltd. FROG | 0.00 | |
Banco Santander S.A. Sponsored ADR SAN | 0.00 |
On CNBC's “Mad Money Lightning Round,” Jim Cramer said about JFrog Ltd (NASDAQ:FROG) that the multiple "is too high," although software development "is a good business." The stock has risen more than 40% year-to-date, against the backdrop of exploding demand for AI coding agents and LLMs (large language models).
Discussing another stock that has rallied year to date, Banco Santander, SA (NYSE:SAN), Cramer recommended against selling the stock despite the "big run".
If the stock comes back to the $10 level, "I'd tell people to buy it," he added.
When asked about Backblaze Inc (NASDAQ:BLZE) and Starfighters Space Inc (NYSE:FJET), Cramer said he did not know these companies.
Price Action:
- JFrog tanked 4.76% to close at $83.86 on Wednesday.
- Banco Santander's shares rose over 2% to settle at $12.16.
- Backblaze's stock declined 10.67% to $7.95 on Wednesday.
- Shares of Starfighters Space Shares rose 1.04% to $8.74.