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Cramer: GoPro is in a 'sweet spot'

GoPro, one of the hottest IPOs of the year, is in a "sweet spot" where people buy the stock because they love the product, Jim Cramer said on Monday.

"This is like a Kodak moment when Kodak was a great growth stock," Cramer said during "Squawk on the Street."

Read MoreGoPro CEO: Surfing made me a billionaire

GoPro shares were nearly 8 percent higher at midday and are up nearly 50 percent from their offering price last week. (What's the stock doing now? Click here)

Read MoreWhat's inside a GoPro?


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