Jim Cramer notes Hasbro has performed well; stock up 37% YTD with analyst upgrades

Hasbro, Inc. (NASDAQ:HAS) is part of an idea-driven market according to Jim Cramer, who recently discussed the stock. The American toy company owns popular brands like Nerf and Monopoly, with shares up 37% YTD. In April, Hasbro’s stock jumped 14.6% after beating analyst estimates. Goldman Sachs raised the price target to $85, upgrading the rating to Buy due to potential in card and video games. Despite Hasbro’s potential, some believe other AI stocks offer better returns with less risk. Cramer previously spoke with Hasbro’s CEO about business strategies and challenges, including tariffs affecting the company.

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3. Bitcoin reaches new all-time high, surpassing $50,000 for the first time. – Reuters
4. Apple announces plans to invest $430 billion in US manufacturing and technology over the next five years. – Barchart: Hasbro, Inc. (HAS) “Has Been Up Ridiculously,” Says Jim Cramer