"Jim Cramer has been on TV for two decades, and to his fans, he's their high-energy coach who turns financial jargon into valuable information. And he does it in an entertaining fashion, while taking on regular calls from his viewers. No one else does that at his scale. To his critics, he is a living bullhorn who sometimes mistakes volume for conviction and turns stock picking into theater."
"He pointed out, "This one's been a huge winner for us. I've been following the company closely ever since it became public early last year, and I started recommending it about a year and a half ago, when it was trading around $50." He later said, "I had no idea Reddit was capable of delivering a quarter as strong as the one they reported last Thursday night. These results literally were staggering, better than expected""
Reddit (RDDT) IPO'd in March 2024 at $34 and later traded near $50 before soaring. RDDT has risen more than 600% since the IPO, delivering multibagger returns and strong investor momentum. The company reported a quarter that significantly exceeded expectations, with results described as staggering and financials characterized as stellar. The stock is positioned as a leading growth story in its industry with continued upside potential driven by robust quarterly performance and favorable market reception. Recent earnings strength supports a perception of a sizable growth runway going forward.
Read at 24/7 Wall St.
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