Jim Cramer on Root: “You Got to Keep Looking at Something Else”

Root, Inc. (NASDAQ:ROOT) is one of the stocks Jim Cramer expressed thoughts on. When a caller asked for Cramer’s thoughts on the stock, he commented:

“No, you got to keep looking at something else. It’s not going to do it for you. It’s actually an expensive stock, even though it doesn’t look like it, because I don’t think all the earnings are going to come through. But you know what? You got to think about Lemonade. I’m not kidding.”

A stock market chart. Photo by Arturo A on Pexels

Root, Inc. (NASDAQ:ROOT) offers auto and renters insurance through its app, website, and other digital channels. During the lightning round of August 11 episode, a caller inquired about the company and the Mad Money host responded:

“I know Root… And by the way, Lemonade is the one that I’m looking at for, when it comes to insurance. Lemonade is your play. And by the way, I think Lemonade is disrupting the industry to the point where we’re seeing lower rates, possibly. I know that because we’re seeing a lot of insurance companies talk about lower rates, including Berkshire Hathaway.”

While we acknowledge the risk and potential of ROOT 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 ROOT 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.