Jim Cramer Says "Reddit's Going to Have a Really Good Quarter"

Reddit, Inc. (NYSE:RDDT) is one of the stocks that Jim Cramer shared thoughts on. A caller asked if Cramer thinks that the company will beat the top and bottom line when it reports in 2 weeks, and he replied:

“Yes, I do absolutely. I think Reddit, last time it ran, it went up too much. It was way too hot. I don’t know why that happened. I think that Reddit’s going to have a really good quarter. I was shocked to see how much there was a big short position in it, but now I think Reddit’s prepared. Steve Huffman’s really terrific.”

Reddit (NYSE:RDDT) runs a digital platform that allows users to join interest-based communities, share content, and engage in conversations. During a June episode, Cramer was quite bullish on the company stock, as he commented:

“There’s a whole host of stocks that are roaring on what can only be described as re-evaluation of growth or animal spirits. We see Reddit, the online message board, shot up more than 5% today… Unlike most of the people around here, the older people I talk to, I pass no judgment about these people. You know why? Because they are buying very good companies… These are top-notch businesses that might have gigantic earnings power someday… You believe that Reddit stock is too expensive. Their ads represent incredible value, believe me. I can’t believe how cheap they are. I think the stock’s not getting enough credit. How do you know that Reddit’s not the next Meta?…”

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Disclosure: None. This article is originally published at Insider Monkey.