Jim Cramer Says Reddit is "Still in Its Early Innings"

Reddit, Inc. (NYSE:RDDT) is one of the stocks Jim Cramer spoke about recently. Cramer showed quite a bullish sentiment toward the stock, as he stated:

“Look at these numbers from Reddit, the online message board that’s become a major force in digital advertising and a stock that I say is one of the 10 best maybe for the next generation. This stock’s been roaring for months, although it got hit hard today. It was down nearly 8%. I think it was the gravitational pull of Meta, like I talked about at the top of the show, even though Reddit has nothing to do with excessive data center spending. And tonight, after the close, this company reported just a monster good quarter with beats on every single key line, including 68% revenue growth… Reddit guidance for the current quarter was much higher than expected, and it’s still such a bargain for advertisers. I think this growth story, as I say in the book, is still in its early innings.”

Reddit, Inc. (NYSE:RDDT) operates an online platform that hosts user-driven communities centered on shared interests, enabling discussions, content sharing, and social interaction.

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