Jim Cramer on Reddit: “I Think Reddit is a Winner”

Reddit, Inc. (NYSE:RDDT) is one of the 15 stocks that Jim Cramer recently talked about. A caller asked for Cramer’s opinion of Reddit, Inc. (NYSE:RDDT) during the lightning round. Here’s what he had to say in response:

“… This thing is breaking out. It’s going back up. It’s up nine today. I think that the quarter was much better than people realized. They were starting to cut some very big deals. They are integral to a lot of different chatbots that I look at. I think Reddit is a winner.”

Jim Cramer on Reddit: “I Think Reddit is a Winner”

Reddit (NYSE:RDDT) runs an online platform that hosts interest-based communities where users interact through discussions, content sharing, and social engagement, which fosters connection and discovery across a wide range of topics. Near the end of May, Cramer called the stock “best bang for the buck” in advertising, as he commented:

“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.”

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