TECH - Jim Cramer Switches Tone After Praising Jack Dorsey's Block's 'Amazing Quarter': 'Pathetic Lapdog Group Of Buyers Who Will Chase It | Benzinga
Block Inc.'s (NYSE:SQ) fourth-quarter performance and earnings beat have CNBC's Jim Cramer in a dilemma over what to do with the stock.
What Happened: Block, the Jack Dorsey-led fintech company, reported a revenue surprise during the fourth quarter.
The company's stock closed more than 15% up on Friday as a result, but "Mad Money" host Cramer thinks it's "not up enough."
Cramer said Block had an "amazing quarter" and as a result, he pegged the price target to $100.
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However, his tweet on the company's stock might leave some people confused.
"Be aware that there are people today who do not care how much they pay to buy SQ, it’s a pathetic lapdog group of buyers who will ...