13 Stock Predictions That Jim Cramer Got Completely Wrong

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3. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Hedge Fund Holders: 43

A caller asked about SoFi Technologies, Inc. (NASDAQ:SOFI), and Cramer shared his frustration about the stock and admitting he was giving up on it, no longer defending it. Here’s what he said back then:

 “SoFi reported, and they report a good quarter, but nobody cares. And you know, I can defend a stock for so long. And I’ve now defended this stock for about almost 2 years; about a year and a half. And I think it’s okay but I am not going to sit here and forever say it’s okay. So here’s what I have to say: I wouldn’t buy it. I’d like to see the stock go up but… Anthony Noto is terrific, but I just don’t know what drives this stock higher. I just don’t know.”

His bearish outlook was a big miss, as the stock has skyrocketed by 77.79% since Cramer said he would give up on it.

SoFi Technologies, Inc. (NASDAQ:SOFI) is a fintech firm offering online banking, lending, and investing products. Cramer is once again bullish as of late and addressed the stock’s downturn in March this year saying:

“Let’s not worry. Let’s not worry. Okay, this is run by Anthony Noto. He is doing a super job. I know that right now, stocks are for sale. I don’t want you to sell it. It can come down a little bit more. Do not panic. The company’s in good hands and the stock was up a great deal not that long ago. I think you’re fine. I’m not saying it can’t go to $10, I am saying that Noto’s money.”

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