Jim Cramer on Celsius Holdings: “The Shorts Have Played Havoc With This Stock for a Long Time”

Celsius Holdings, Inc. (NASDAQ:CELH) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. When a caller inquired about the stock during the episode, Cramer said:

You know, the shorts have played havoc with this stock for a long time, to tell you the truth. And this seems to be an interesting level to buy it. And I say that in part because I think that what people are betting on is the comparisons year over year are not going to be good this quarter, the first of the bad comparisons. So this is going to come out… like it’s 43 versus 47, and that’s going to get the stock hit. Now, I would pull the trigger the moment the company reports that quarter.

Photo by Anna Nekrashevich on Pexels

Celsius Holdings, Inc. (NASDAQ:CELH) sells energy and hydration drinks under brands like CELSIUS, CELSIUS Originals, and CELSIUS ESSENTIALS. During the January 7 episode, a caller mentioned its $70 price target and asked whether the stock was a buy at around $50 or if its valuation was still rich. The Mad Money host responded:

I’ll write this memo in the morning about 10 things I’m watching… and… I read this Needham piece, that’s the one you’re talking about, with the price target of $70. I thought it was a little bit aggressive, but you know what? I think it could put 10 points on because the company’s doing quite well, and it just closed that acquisition. And by the way, I always welcome Celsius on the show. They tell a great story.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.