TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer thinks that Snap (SNAP) shares can go much higher over time.

"All their costs are coming down sequentially, all their revenues are going up sequentially," Cramer noted.

Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

This Will Be the Ultimate Buy (or Sell) Signal for Stocks

This Will Be the Ultimate Buy (or Sell) Signal for Stocks

Jim Cramer: Reports of Attempted Trade Truce With China Are False

Jim Cramer: Reports of Attempted Trade Truce With China Are False

This Cannabis Beverage Company Is Staying Away From the United States

This Cannabis Beverage Company Is Staying Away From the United States

Video: 2018 Is Actually a Normal Year for Stock Market Volatility

Video: 2018 Is Actually a Normal Year for Stock Market Volatility

BlackBerry CEO Talks Impact of Trump's Tariffs Among His Big Automaker Clients

BlackBerry CEO Talks Impact of Trump's Tariffs Among His Big Automaker Clients