Jim Cramer on Reddit: “I Think It’s an Incredibly Valuable Property”

Reddit, Inc. (NYSE:RDDT) is one of the stocks mentioned during the show, as we cover everything Jim Cramer said about the oversold market. Noting that the stock has been down for a while despite reporting a great last quarter, a caller asked what is going on with the company. Cramer replied:

Oh man, I’ve gotta tell you something. I’ve watched this Reddit. I’ve mentioned it in How to Make Money in Any Market. I never thought it would get down this low. I think it’s an incredibly valuable property. It charges too little for advertising. It’s got a great group of people who are very, very active in constantly checking the site. I’m sticking by Reddit. As a matter of fact, I’d like to buy some stock right here at 27 times earnings.

brett-jordan-0FytazjHhxs-unsplash

Reddit, Inc. (NYSE:RDDT) runs an online platform that hosts communities where users connect over shared interests, exchange ideas, and share content such as posts, images, and videos. A caller asked about the February 26 episode, and Cramer replied:

Oh, I think you buy Reddit. In my book, in How to Make Money in Any Market, I… struggled to make it one of my absolute top five stocks because I think it’s worth so much more than what it’s selling for. Let’s buy that one.

While we acknowledge the risk and potential of RDDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RDDT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.