10 Stocks on Jim Cramer’s Radar

7. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 52

A CNBC Investing Club member rang up Cramer and inquired whether Reddit, Inc. (NYSE:RDDT) was a real company to invest in or if it was just a meme stock. Cramer’s response was:

“It is very much a real company. Steve Huffman, the CEO, does a fantastic job… Reddit just went up huge this week. I think you gotta wait for a pullback. Reddit, I would prefer to buy it in the $150-140 range.”

Reddit (NYSE:RDDT) runs a widely-used platform where users can engage in discussions, share content, and take part in various interest-based communities. Since the company went public in March 2024, Cramer has been a fan of it and in December 2024, he remarked:

“I think Reddit’s fabulous. What can I say? I know it’s up a great deal, but I think Steve Huffman’s doing a fabulous job. I’m not a seller.”

Since its IPO, Reddit (NYSE:RDDT) stock has risen more than 320%.