8 Stocks on Jim Cramer’s Radar

4. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 72

A caller asked if Reddit, Inc. (NYSE:RDDT) stock is a buy here, and Cramer replied:

“Okay, I want you to buy Reddit here. Let me tell you something, this stock has been coming down. It was a short squeeze, went all the way up to 200. That shouldn’t have happened. I think Steve Huffman is doing a remarkable job, and you are onto something. Reddit, I think, is probably the best bang, really the best bang for the buck that there is right now in advertising and people don’t realize that. I’ve done so much more work on this. I can’t even tell you how much work I’ve done on this, and I keep coming back and… you know what, Insta is second. Alright, TikTok second, kind of even. First is going to be Reddit, bang for the buck. You are onto something because the verticals are so precise. They’re so precise…. I used to say TikTok first. I used to say Insta first. No, their backseat to Reddit. You heard it from me.”

Reddit (NYSE:RDDT) runs a widely used platform where users share content, take part in discussions, and engage in communities centered on specific interests.