Jim Cramer Believes BlackRock “Has Tremendous Growth and There’s Very Little Risk”

BlackRock, Inc. (NYSE:BLK) is one of the stocks Jim Cramer shared insights on. When a caller inquired about the company, Cramer replied:

“Alright, BlackRock is up in a straight line… as we know. It got hit. It shouldn’t have gotten hit as aggressively as it did. It only sells at 23 times earnings. I say only because it has tremendous growth and there’s very little risk. So I think it’s a buy. It’s come back. It was just last week it got to 1,130. It’s 1,117. It is [buy, buy, buy].”

Jim Cramer Believes BlackRock "Has Tremendous Growth and There’s Very Little Risk"

Photo by Joshua Mayo on Unsplash

BlackRock (NYSE:BLK) is a global investment management firm that provides financial services, including asset management, risk advisory, and investment strategies across equities, fixed income, real estate, and alternatives. During the July 11 episode, Cramer called it possibly the “most exciting story,” as he commented:

“Yet, you know what the most exciting story might be? I think it might be BlackRock. Yes, the stock that caught fire recently, even after many investors had lost faith in it. That never made sense to me. BlackRock’s the largest asset repository in the world and has a new infrastructure component that I sure wish I could get a piece of, but it’s only for 401Ks. I bet CEO Larry Fink will tell a very positive story, more than justifying the stock’s recent breakout.”

While we acknowledge the risk and potential of BLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.