Reddit, Inc. (NYSE:RDDT) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer recommended “sticking” with the company stock, as he said:
“I gotta tell you, I think Reddit’s got a lot more room to run. I’m not kidding. This one’s been a huge winner for us. I’ve been following the company closely ever since it came public early last year and started recommending it about a year and a half ago, when it was trading around 50. I thought Reddit had tremendous growth… amazing digital advertising business because it’s basically the last bastion of the old school internet… Reddit kept running for the next couple of months, peaking at $230 in January, then it plummeted all the way back down to around 80 bucks at its post Liberation Day lows in April.
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Reddit (NYSE:RDDT) operates an online platform where users create and participate in interest-based communities to share content, exchange ideas, and engage in discussions.
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.
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Disclosure: None. This article is originally published at Insider Monkey.