Jim Cramer’s Latest 9 Stock Calls: Broadcom, Strategy, and Others

6. Planet Labs PBC (NYSE:PL)

Planet Labs PBC (NYSE:PL) was among Jim Cramer’s latest stock calls, as he advised investors on how to manage data center-related stock positions. Noting that the stock went up 1,000% over the last 12 months, a caller asked for Cramer’s opinion on it, and in response, he said:

You know what? You actually said, you told me exactly what I wanted to hear, which is that, you know, it’s up way too much. It’s just up way too much, just going up on the same stuff over and over and over again. We’re going to say no. We’re not going to pay these prices.

Planet Labs PBC (NYSE:PL) designs and operates satellite constellations that provide high-resolution geospatial data and daily Earth imaging through an online platform. In addition, the company provides custom satellite manufacturing, mission operations, and data analysis tools. During the April 6 episode, a caller asked if the stock has more room to grow, and Cramer replied:

You know what? I think there is. I think that they do an extraordinary job. A lot of what we’re seeing about what’s going on over there in Iran is from them. I think they’re just dynamite. I would stay long.

Click to continue reading and see Jim Cramer’s Latest 5 Stock Calls: Intel, EQT, and Others.

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