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Jim Cramer's repeated buy call on BlackBerry shares stands in sharp contrast to the stock's premium valuation and a consensus that remains cautious.
The case for the stock hinges on a software pivot that has driven a 109% year-to-date gain, yet the risk is that the current price multiple leaves little room for error before next week's earnings report.
Cramer told viewers on CNBC's "Mad Money" to "Buy, buy, buy" BlackBerry, citing his surprise at the recent pullback and characterizing it as part of broader selling in quality stocks.
He has been positive for months, hosting CEO John Giamatteo in July to discuss the shift into automotive and robotics software. The counterargument is the valuation.
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