Jim Cramer: This Tech Stock Has Been ‘One of the Greatest Performers of All Time’

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Broadcom Inc. (NASDAQ:AVGO) has been “one of the greatest performers of all time, but so is Coca-Cola (NYSE:KO). I wouldn’t shoot Broadcom, and I would buy Coca-Cola.“

DA Davidson analyst Gil Luria, on Oct. 27, upgraded Broadcom from Neutral to Buy and raised the price target from $350 to $400.

Vicor Corporation (NASDAQ:VICR) is still a winner, Cramer said. “You know because it’s a high multiple stock, because it sells at 15 times earnings, people don’t want it anymore.”

Vicor, on Oct. 20, reported better-than-expected third-quarter financial results.

Sea Ltd. (NYSE:SE) is a Singapore company he has been very negative on, Cramer said.

JPMorgan analyst Ranjan Sharma, on Wednesday, maintained Sea with an Overweight rating and lowered the price target from $173 to $149.

When asked about BETA Technologies Inc. (NYSE:BETA), he said, “The whole aerospace complex right now is looking so weak. I’m not going to put you in that lion’s den. It could rally, but right now it’s a lion’s den.”

BETA Technologies reported on Oct. 21 that the Federal Aviation Administration granted its ALIA VTOL, or A250, a Special Airworthiness Certificate for market surveys.

Planet Labs PBC (NYSE:PL) is not making money, Cramer said. “They’re not going to rally unless rates have a definitive move down.”

Morgan Stanley analyst Kristine Liwag maintained an Equal-Weight rating on Planet Labs on Oct. 19 and lowered the price target from $35 to $19.

When asked about Knife River Corporation (NYSE:KNF), he said, “If you’re going to be in that game, you need to be in Martin Marietta Materials (NYSE:MLM).”

On the earnings front, Knife River said it will host its third-quarter earnings conference call on Tuesday, Nov. 3.

Price Action:

• Broadcom shares gained 2.8% to settle at $351.81 on Wednesday.
• Sea shares rose 0.6% to close at $75.18 during the session.
• BETA Technologies shares fell 3.7% to settle at $19.98.
• Planet Labs shares fell 1.1% to close at $14.33.
• Knife River shares fell 1.1% to settle at $54.25.
• Vicor shares gained 2.2% to close at $216.65 on Wednesday.

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