Was Jim Cramer Right About Hertz Global (HTZ) Stock?

Dionysis Partsinevelos

Fri, May 16, 2025, 1:13 PM 2 min read

Back successful 2024, connected May 14, a caller asked whether to merchantability oregon treble down connected Hertz Global Holdings, Inc. (NASDAQ:HTZ), expressing vexation with the company’s EV strategy and lawsuit charging exemplary astatine the time. Cramer took a middle-ground approach, saying:

"I don’t privation you to merchantability and I don’t privation you to treble down. Just — let’s conscionable spot if it can’t spell higher. I don’t similar the information that my person Stephen Scherr near it. I bash deliberation that it’s astir apt excessively inexpensive close now. But if it got to $8 oregon $9, I would merchantability the stock."

Cramer’s neutral stance didn’t wage off, arsenic the banal declined 2.50% implicit the past year, concisely reaching its $8 people terms lone precocious earlier dropping again.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is simply a planetary car rental institution undergoing a modulation toward electrical vehicles and mobility services. Cramer discussed the banal again successful April, aft a caller asked him astir his sentiment connected Bill Ackman’s stake. Cramer was cautious, saying:

“Okay, well, you know, I don’t cognize what Bill Ackman’s going to bash due to the fact that it’s, I don’t cognize him, and each I tin archer you is that the stock’s had a precise large run. It’s not a large company. I’ve seen large radical befell by the stock. So I deliberation you could instrumentality the wealth and tally and be, oregon astatine slightest instrumentality retired your outgo basis. How astir that? And fto the remainder ride. That would beryllium the astir prudent happening to do.”

While we admit the imaginable of HTZ to grow, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk.  If you are looking for an AI banal that is much promising than HTZ and that has 100x upside potential, cheque retired our study astir this cheapest AI stock.

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Disclosure: None.