Jim Cramer on Robinhood: "They Own the Future"

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the S&P 500 stocks that Jim Cramer shared his take on. Cramer noted that he is a believer in the stock long term, as he stated:

Then there are the rest of the losers, and some are intriguing. Robinhood Markets is the sixth worst performing in S&P last month, down 24%, nearly 24, largely because it reported a miserable quarter in mid-February, and that was thanks to soft options and crypto trading. Stock fell 17% over the following two sessions. It’s only partially recovered. Now, long-term, I’m a believer in Robinhood. I think they’ve made themselves the preferred trading destination for young people, which means they own the future. But in the present, Robinhood has become totally hostage to crypto and options trading. Don’t believe it’s hostage to equities and 401Ks. They’ve made a big push into predictions market too, and I’m not thrilled about the idea of Robinhood users having to decide whether to put $10 into NVIDIA or the Seahawks in the Super Bowl. If you want to bet on a tech-focused financial that appeals to young people, I prefer SoFi. But that said, I am turning very bullish on crypto… and Robinhood stock did rally almost three bucks today, I think, because of a turn in crypto. It may be bottoming. Others see it besides me.

Photo by Anna Nekrashevich on Pexels Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial platform that allows users to trade stocks, ETFs, options, cryptocurrencies, and other assets. While we acknowledge the potential of HOOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None.  Follow Insider Monkey on Google News.