Jim Cramer answers your questions from the floor of the New York Stock Exchange and said he gives his blessing to Fitbit (FIT) shares at between $35 -$40, and that $38 is an ‘okay’ price for the company. Fitbit soared following its IPO. Jim says Fitbit is a very profitable company, it’s had remarkable growth, and isn’t one of those companies that sacrifices earnings. Jim says between $35 and $40, the stock is being valued a little bit less than GoPro (GPRO) and Jim thinks it’s bigger than GoPro, given its numbers. Jim added he knows people are worried about Apple (AAPL) competing against Fitbit, but he says ‘I actually believe Mr. Park when he says the category is bigger than that. This is a wellness story.’ Jim also commented on ServiceNow (NOW), a stock he said he likes very much and said it’s a very good company, along with Tableau Software (DATA). Send your Twitter questions to Jim at #CramerQ.
More from Video
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.