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Google

(GOOG) - Get Report

is going to $560, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

This is Cramer's "lowball price target" for the stock, which closed at $473.31 Tuesday. But what people should really care about, he said, is how portfolio managers approach a stock because "they're the ones who control the prices."

When most people look at Google they look at its high price and get scared off, but what portfolio managers see is Google's earnings and growth and both are impressive, Cramer said.

To show that Google will indeed go to $560 and it's not too late to get in, he compared it to five similar companies.

What people need to do is figure out what portfolio managers are willing to pay for Google, a stock with $14-per-share earnings and 34% growth, he said.

Taking a look at

Starbucks

(SBUX) - Get Report

, Cramer said this company, which is "growing aggressively," has 21% growth and sells at 53 times earnings.

If people apply Starbucks' earnings and growth multiples to Google, the Internet company would be a $742 stock, he said.

Whole Foods

(WFMI)

has more growth than any other retailer, with double-digit same-store sales, and when people apply its earnings and growth multiples to Google, "it could be worth $644," Cramer said.

Moreover, comparing Google to

F5 Networks

(FFIV) - Get Report

, he said Google could be worth $546 and when compared with

Akamai Technologies

(AKAM) - Get Report

, which has 23% growth and sells at 56 times earnings, Google's price could be $784.

Finally, taking

Hologic's

(HOLX) - Get Report

growth and earnings and applying them to Google could make it an $826 stock, Cramer said.

"We have a dilemma here," he said. Under every comparison Cramer comes up with, he said he cannot justify containing Google this low, at $473.

Portfolio managers are going to set the price and are willing to pay more for the stock, Cramer said. "Google can't stay this low."

Netflix Delivers a Hit

"I've been consistently negative on

Netflix

(NFLX) - Get Report

, and today it came out with a

blowout quarter," Cramer said.

While most analysts were recommending this stock, Cramer called it a sell on several occasions.

"I got this so completely wrong," he said. Cramer now believes Netflix is a buy at $27.37

The first thing Cramer said he got wrong was comparing it to

Blockbuster

(BBI) - Get Report

.

"How could I put Netflix, with 40% growth, on the same leaky boat as Blockbuster?" he asked. "Blockbuster's online business is not a threat to Netflix."

And although video on demand could potentially be a problem for Netflix, it could take years for this to pose a real threat to the company, Cramer said. In addition, Netflix is not saturated, as he originally thought.

The bottom line is Netflix delivered better-than-expected results, and even the shorts are being converted because they got Netflix wrong just like he did, Cramer said.

Ring Nokia for Growth

We're in a healthy moment for tech, and short-term investments are not the only way to profit, Cramer said.

"In most parts of the world, you don't have stable governments," which makes land lines unreliable and cell phones necessary, he said.

Therefore, if people want growth, they should look at companies that make cheaper cell phones, he said.

"The stock to buy is

Nokia

(NOK) - Get Report

, the biggest cell-phone maker on Earth," Cramer said. "I'm recommending it over

Ericsson

(ERIC) - Get Report

and

Motorola

(MOT)

."

Since Ericsson has the lowest growth and highest multiple out of the three, he said he would "toss it out immediately."

Image placeholder title

And while Motorola and Nokia seem to be similar on a lot of fronts, compared to Nokia, Motorola has a "measly" dividend, Cramer said. Plus, Motorola has a lot of carrier agreements with

Sprint Nextel

(S) - Get Report

, which makes it "unreliable."

On the other hand, Nokia has fewer than 10% of its phones in North America and makes the cheapest-priced cell phone on average, he said. Nokia wants to tap into developing markets and is developing itself as a brand in India and China, a "great long-term strategy," Cramer said.

"When more and more people in India and China are middle class, they're going to be buying Nokia phones, the one with the bigger footprint in these countries," he said.

For the long haul, Nokia is the stock to own.

SanDisk Gets Its Say

Cramer welcomed

SanDisk

(SNDK)

Chairman and CEO Eli Harari to the show and asked him if there was an overreaction to the company's 15% average

selling price decline.

"Yes, we are surprised by the market's reaction," Harari said. "We delivered record revenues and beat estimates, and our fundamentals are as strong as ever. This was very puzzling."

The price decline "is healthy for consumer electronics, only on the condition that it could bring our costs down," he went on to say. "That's been our religion here."

When Cramer commented how cheap SanDisk's MP3 players are and asked if the company actually makes money off of them, Harari said, "We can make money because we manufacture the flash memory, along with Toshiba."

SanDisk transfers the benefit of the flash memory without a middle man, Harari said. "That's why it's such a great value."

To view Cramer's interview with Dr. Harari, please click here.

In the "Sudden Death" round, Cramer was bullish on

Continental Airlines

(CAL) - Get Report

and bearish on

Southwest Airlines

(LUV) - Get Report

.

Lightning Round

Cramer was bullish on

Radvision

(RVSN)

,

Apple

(AAPL) - Get Report

,

Arena Pharmaceuticals

(ARNA) - Get Report

,

Continental Airlines

(CAL) - Get Report

,

1-800-Flowers.com

(FLWS) - Get Report

and

DivX

(DIVX)

.

Cramer was bearish on

XM Satellite Radio

(XMSR)

,

Dow Chemical

(DOW) - Get Report

,

Warner Chilcott

(WCRX)

,

Vonage

(VG) - Get Report

,

Todco

(THE)

,

Southwestern Energy

(SWN) - Get Report

and

Ensco International

(ESV)

.

For more of Cramer's insights during the most recent Lightning Round,

click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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