Richtech Robotics Inc. (NASDAQ:RR) is one of the stocks Jim Cramer shared insights on. During the lightning round, a caller asked for Cramer’s thoughts on the stock, and he remarked:
“Okay, here’s what you do with a stock like that: you buy it, but you recognize that it’s your spec. You’re allowed to have one real spec when you say you do a six or five-stock portfolio… And accept the fact that you could lose everything.”
Stock market data. Photo by Photo by Alesia Kozik
Richtech Robotics Inc. (NASDAQ:RR) designs and sells robotic solutions for service industry automation, including delivery, cleaning, and food and beverage systems. Its portfolio features robots like Matradee, Medbot, Titan, and Skylark, along with a self-owned cafe brand and related support services. On August 27, Freedom Brooker downgraded Richtech Robotics Inc. (NASDAQ:RR) to Sell from Buy while maintaining a price target of $2.50. The firm said the recent stock rally is ahead of the company’s fundamentals and expects a possible pullback as momentum slows.
While we acknowledge the potential of RR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
