Jim Cramer Believes “Reddit (RDDT) Should Not Have Been Down That Much”
Reddit, Inc. (NYSE:RDDT) was among Jim Cramer’s stock calls, as he discussed the rising market speculation. Answering a caller’s query about the stock during the episode, Cramer said: No, no, Reddit should not have been down that much. I wish Steve Huffman would come on because he knows how much I think Reddit is a very, very valuable company. And I gotta tell you, if I had a bigger company and I could… snap up that $31 billion business, I would do it. I think that they’re, you can train on their stuff. It’s very exciting. 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. During April 9’s episode of Mad Money, Cramer reiterated his bullish stance on the company, as he said: I’m glad you asked me. I was talking about it today. It’s down 40%. We use it for my wife’s mezcal because it’s just got a good mezcal affinity group. I think a lot of people use it. They don’t charge enough. I shouldn’t say that; now they’re going to raise our prices. But I think that they should be making more money off their different groups. But the company is really suffering right here, I’m sorry, the stock is suffering, the company’s not. Big dispute over the Google feed and whether Google’s treating them right. All nonsense. Reddit’s a good company. While we acknowledge the potential of RDDT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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.
