Jim Cramer on Richtech Robotics: “You Buy it, But You Recognize That it’s Your Spec”

Richtech Robotics Inc. (NASDAQ:RR) is one of the stocks Jim Cramer shared insights on. During the lightning round, a caller asked for Cramer’s thoughts on the stock, and he remarked:

“Okay, here’s what you do with a stock like that: you buy it, but you recognize that it’s your spec. You’re allowed to have one real spec when you say you do a six or five-stock portfolio… And accept the fact that you could lose everything.”

Stock market data. Photo by Photo by Alesia Kozik

Richtech Robotics Inc. (NASDAQ:RR) designs and sells robotic solutions for service industry automation, including delivery, cleaning, and food and beverage systems. Its portfolio features robots like Matradee, Medbot, Titan, and Skylark, along with a self-owned cafe brand and related support services. On August 27, Freedom Brooker downgraded Richtech Robotics Inc. (NASDAQ:RR) to Sell from Buy while maintaining a price target of $2.50. The firm said the recent stock rally is ahead of the company’s fundamentals and expects a possible pullback as momentum slows.

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.