Jim Cramer described Reddit stock as 'ridiculously cheap' at around $166, despite the stock falling nearly 35% year-to-date. Reddit's Q2 2026 results showed 61% revenue growth, doubled net income, and strong profitability, yet the market remains skeptical due to concerns over declining search referrals. Management is actively buying shares and focusing on increasing direct app usage, with guidance indicating continued revenue and EBITDA growth. The stock's valuation remains attractive compared to its growth prospects and buyback activity.
Jim Cramer, host of Mad Money, reaffirmed his support for Reddit stock, calling it a strong buy despite the stock's 5.67% drop since his initial endorsement in June 2026 and a 32.84% decline year-to-date. The renewed interest comes as Reddit's shares...
Snap shares rose 4% to $5.47 despite no new company announcements, driven by group dynamics rather than specific news. Meta Platforms and Alphabet also gained modestly, while Reddit declined 1%, diverging from the others. The Global X Social Media ET...
