Jim Cramer Nailed These 11 Stock Predictions

1. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 87

Back in 2024, on May 16, a caller asked Jim Cramer for his view on Reddit, Inc. (NYSE:RDDT), following its IPO at the time. Cramer compared it to Pinterest and expressed strong support for its relevance in the current ad ecosystem, saying:

“Reddit’s easy. I’ve been saying buy, buy, buy. I think it’s one of those companies — like Pinterest — that is now part of the bundle of what advertisers want. They are reaching the right people when you can get them. And people age up in that thing. I think it’s a terrific, terrific stock. I really like Reddit.”

Reddit turned out to be a winning early call, doubling with a 100.83% increase since Cramer urged buying. Reddit, Inc. (NYSE:RDDT) is finally earning Wall Street’s trust as an ad platform with sticky users and growing monetization potential.

Cramer maintains the opinion that Reddit is a buy. Here’s what he said on May 14, 2025:

“So many stocks have made incredible comebacks over the past few weeks, but there are still plenty of names that are way down from their highs earlier this year. Take Reddit… while the stock soared 11% today, it’s off more than a hundred bucks from its February peak of $230 and change. I think it might be a buying opportunity here as long as you steel yourself for a potentially wild ride. It is a wild trader. See, two weeks ago, Reddit reported the stunning quarter, but the stock didn’t get any credit for it at all… Despite initially surging 18% in after-hours trading, Reddit stock finished the next session down more than 4%…

While I think Reddit’s absolutely worth buying at these levels, even after today’s monster move, stocks like these are only worth owning if you can stomach some serious volatility like we’re having right now. Keep in mind, we’re always one presidential tweet or whatever you want to call it away from these kinds of names falling out of favor all over again. That’s why I say Reddit’s a buy, but only if you’ve got the intestinal fortitude to stick around for the long haul.”

While we acknowledge the potential of RDDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDDT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.