Jim Cramer on Robinhood: “I’ve Liked the Management Very Much”

Robinhood Markets, Inc. (NASDAQ:HOOD) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. A caller asked for Cramer’s opinion on the fundamentals of the company, and he said:

You know what, they got a break from the SEC today in terms of the number of day trades people can do. I’ve liked the management very much. The stock has come down so much, and yet younger people still want to be there. And they got the Trump accounts business, and that didn’t even move the stock… Look, anytime I see the government backing a broker… I say [buy, buy, buy].

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Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial platform that allows users to trade stocks, ETFs, options, cryptocurrencies, and other assets. During the March 5 episode, a caller asked if Cramer thinks the stock will go to $145 or higher, and he replied:

Let’s upend this one… Let’s forget where we bought it and think where we think it could go to. If I could buy Robinhood at $80, I’d probably buy some here. If it went to $70, I’d buy it very big. So the question isn’t whether it’ll get back to where it was. The question is, would you buy it now? And the answer is a resounding yes.

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