CNBC’s Jim Cramer revisited some of the long-awaited IPOs for 2020 on Wednesday.
In re-evaluating its positions on IPOs or initial public offerings, the former hedge fund manager made new calls for action after months of trading.
“It’s hard not to chase these direct investment exchanges,” the “Mad Money” host said, but as we’ve seen from the 2020 class and from Coinbase today, you’ll often get a better price if you have enough patience. to let them pull back a few days, a few weeks or even months later. “
Below is a summary of his recommendations on nearly a dozen newly created public stocks and closing prices on Wednesdays.
- nCino, $ 70.02: “You have my blessing here, but don’t be in a hurry and wouldn’t put yourself in a serious position until you retire in the middle of $ 60.”
- Snow flake, $ 229.14: “I’d love to have more bullish on the snowflake, but it’s out of date in this market, so why not wait for it to back down … up to only 50 times sales, which will put stocks at $ 190 where would you do it? buy “.
- JFrog, $ 51.96: “The valuation is much more reasonable at these levels, but again, there’s no rush with these software stocks. I wish it was still below $ 43, or 20 times sales, which coincides with last month ‘s lows. “
- Good American, $ 17.23: “As the big reopening trade has been booming, well, this thing has lost more than two-thirds of its value. Even here, even at $ 17, it would keep me away. of Amwell because it is an excess of closed values. “
- GoodRx, $ 37.67: “You have my blessing to speculate on this now that it has been knocked down to $ 30. Any withdrawal from here I am saying is a buying opportunity.”
- Asana, $ 33.42: “This has been a real roller coaster ride, but I didn’t like last year’s basics and, you know what, I still haven’t. I can’t justify paying almost 18 times the sales of a company with a 38% growth rate. “
- Lemonade, $ 88.60: “I love Lemonade, the company … but they lose tons of money and the shares are sold almost 50 times in sales … I can’t justify paying more than $ 75 for those $ 89 shares “.
- Unity software, $ 101.12: “Perhaps my biggest flaw in the 2020 class was Unity Software … Right now, though, you know what, I’d rather own the recent Roblox audience, which is profitable, as opposed to Unity, and that quotes substantial discount “.
- Palantir, $ 23.70: “I think it’s too much of a black box to get an actual reading of the business, so be careful. I’d feel a lot safer if it goes back below $ 20.”
- Per Dash, $ 143.65: “I’m not really interested in DoorDash here. It’s a closed stock with too many competitors.”
- Airbnb, $ 176.43: “Airbnb will soon be hit by a major lockout expiration, meaning many prime customers are selling. The stock is currently $ 175; it would start to sting if it dropped below $ 157 and then make a copy truck safety to get it closer up to $ 117. “