Jim Cramer Absolutely Nailed These 11 Stock Predictions

10. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 87

In that episode, Cramer was previewing Reddit, Inc. (NYSE:RDDT)’s upcoming earnings report. He compared it to peers like Pinterest and Snap, and expected strong performance right out of the gate. Here’s what he said back then:

“Also at the close—oh, this is a new one—Reddit reports. And I’m thinking they’re going to put up some healthy numbers right out of the chute. Pinterest and Snap reported excellent traffic and advertising. Those are good comparisons for Reddit. I anxiously await a very positive story in my humble opinion. […]

If you want very good stories that don’t rely on rate cuts from the Fed maybe consider Reddit by the way, after tonight’s beautiful set of numbers. You know what we’re going do, we’re going talk to the CEO and if you feel like I do, maybe that’s the one to buy.”

Cramer’s early enthusiasm for Reddit was spot-on, as the stock skyrocketed by 149.42% after his prediction.

Reddit, Inc. (NYSE:RDDT) is a newly public social media platform that monetizes user-driven communities through advertising. Following a recent pullback, here’s what Cramer replied to a caller about it in a recent episode:

“Well… Oh man, Reddit. I think Reddit is a very good stock. It came down way too much because there were, it was a short squeeze, and then it evaporated. But I think management, Huff’s (CEO Steve Huffman) doing a great job. I would be a buyer.”