Jim Cramer Says “I Think You Just Own Coinbase”

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer shed light on. Answering a caller’s query about the stock, Cramer commented:

“Alright, I want to take a longer-term view on Coinbase because I think that they, in the end, were the first, I know there’s Bullish, but Coinbase stuck its neck out and went out, and all the other firms avoided them or almost isolated them, the typical brokerages. Well, now they last the, you know, these guys laugh last. I think you just own Coinbase. Don’t trade it. Not for a long time, but right now.”

Photo by bitcoin executium on Unsplash

Coinbase Global, Inc. (NASDAQ:COIN) operates a cryptocurrency platform, and it offers consumer financial accounts, institutional trading services, and developer tools for building onchain applications. During a July episode, Cramer discussed the stock as part of his “PARC” stocks. He said:

“PARC exhausts me. I’m talking about my handy acronym for Palantir, AppLovin, Robinhood, and Coinbase. These are four of the many stocks that seem to have no quit in them, even if they all pulled back hard into the close today, giving us a rare moment to evaluate them on relative weakness. It’s better for me to talk about these stocks on a down day so you can get a discount if you were so inclined…

While we acknowledge the potential of COIN 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. This article is originally published at Insider Monkey.

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