Jim Cramer Says “I Want You to Buy Reddit (RDDT) Here”

We recently published a list of 8 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) stands against other stocks on Jim Cramer’s radar.

Jim Cramer Says “I Want You to Buy Reddit (RDDT) Here”

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.

Overall, RDDT ranks 4th on our list of stocks on Jim Cramer’s radar.While we acknowledge the potential of RDDT as an investment, our conviction lies in the belief that 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. This article is originally published at Insider Monkey.