Jim Cramer Says "Roblox Goes Higher"

Roblox Corporation (NYSE:RBLX) is one of the 12 stocks on Jim Cramer’s radar recently. A caller asked for Cramer’s thoughts on the company, and he said:

“Roblox goes higher. Dave Baszucki, it turns out to be the real deal, and I know that some people were concerned that they weren’t doing the right thing, ethically. I see it. I think Baszucki, ethical man, ethical product. People really like it.”

Roblox (NYSE:RBLX) operates a platform for creating, sharing, and engaging with immersive 3D content. The company offers development tools and infrastructure services that support user-generated virtual experiences and real-time interaction. On June 5, parsing the “new high” list, Cramer remarked:

“There’s no real theme to the other stocks on the list… Then there are two one-offs, Roblox and Mosaic. The game of Roblox is something that fascinates kids. It may be too much for all I know, but the point is it’s insanely popular. It’s done nothing but go up ever since it was attacked by short seller[s]. I gotta tell you, I think that it’s cleaned up its act. I think it’s terrific.”

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Disclosure: None.