Jim Cramer Recommends Buying Roblox, Reddit But Lululemon? 'I Got It Wrong'

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Roblox Corporation (NYSE:RBLX), adding that the stock “goes higher.”

Supporting his view, Oppenheimer analyst Martin Yang, on June 18, reiterated Roblox with an Outperform rating and raised the price target from $80 to $125.

Cramer said, "Nuclear is coming back. I'm not going to keep anybody out of Oklo (NYSE:OKLO)."

Oklo, on June 17, announced subsidiary Atomic Alchemy commenced site characterization work at a potential location for a commercial radioisotope production facility.

When asked about Lululemon Athletica inc. (NASDAQ:LULU), he said, “I am going to punt and say I don't understand LULU. I got it wrong, and let's just move on.”

On the earnings front, Lululemon, on June 5, reported first-quarter revenue of $2.37 billion, beating the consensus estimate of $2.36 billion, according to Benzinga Pro. The company also cut its FY25 GAAP EPS guidance below estimates.

Cramer said he likes Reddit, Inc. (NYSE:RDDT) and recommended buying the stock, calling Steve Huffman “the real deal,” he added.

As per the recent news, Reddit, on June 16, introduced “Reddit Insights” and “Conversation Summary Add-ons,” two features designed to help advertisers better understand and participate in Reddit’s unique community-based environment.

“I think it's a competitive space. I'm not sure I want to be in it, especially because the stock's up a great deal,” Cramer said when asked about BlackSky Technology Inc. (NASDAQ:BKSY).

BlackSky Technology, on May 8, reported better-than-expected first-quarter earnings results.

Price Action:

• Oklo shares fell 4.9% to settle at $55.11 on Monday.
• Roblox shares gained 1.4% to close at $103.49.
• Lululemon fell 0.8% to settle at $225.56 on Monday.
• Reddit shares fell 3.6% to close at $134.14.
• BlackSky Technology shares jumped 15.8% to settle at $16.47.

Read Next:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

Image: Shutterstock