Did Jim Cramer Hit or Miss On These 13 Stock Predictions?

2. PayPal Holdings, Inc. (NASDAQ:PYPL)

Number of Hedge Fund Investors: 94

When a caller asked about PayPal Holdings, Inc. (NASDAQ:PYPL), the payments firm was discussed positively, with Cramer showing confidence in the new CEO’s leadership during the transition period. Here’s what Jim Cramer said at the time:

“I was surprised that the stock finished down after being up a couple. I think that this guy Alex is just fantastic. David Faber did an interview with him and I was so impressed and that was literally about eight points ago I think you have something here with PayPal. It was undermanaged, it’s a very inexpensive stock. I still think it’s ripe for merger but it’s a $69 billion company. But I’m with you.”

Although the stock did initially climb after those comments, it fell back to its levels from a year ago with an overall decline of 0.89%

Following the recent acquisition announcement, here’s what Cramer said about PayPal Holdings, Inc. (NASDAQ:PYPL):

“People should know that it’s PayPal, Stripe, Square, all against them. And I think that these guys could be very powerful versus those. PayPal, if you remember, it’s kind of dropping back a little.”