-+ 0.00%
-+ 0.00%
-+ 0.00%
Jim Cramer: This Industrial Tech Stock Is 'Growing Like A Weed'
Share
Listen to the news

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Equinix (NASDAQ:EQIX) is a “great way to play the data center.”

Lending support to his choice, Guggenheim analyst Joseph Osha, on Wednesday, reiterated Equinix with a Buy and maintained a $1,235 price target.

Cramer said Xometry, Inc. (NASDAQ:XMTR) is “growing like a weed.” He will invite Xometry on the show as he doesn't know them well enough to give an opinion on the company.

On the earnings front, Xometry, on May 7, reported better-than-expected first-quarter financial results and issued strong second-quarter sales guidance.

Xometry reported quarterly earnings of 12 cents per share which beat the analyst consensus estimate of 10 cents per share. The company reported quarterly sales of $205.138 million which beat the analyst consensus estimate of $188.074 million.

Price Action:

  • Equinix shares gained 1.6% to settle at $1,065.06 on Wednesday.
  • Xometry shares surged 5.3% to close at $91.79.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending