Reddit: Buy The Earnings Pullback (Rating Upgrade)
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Reddit shares fell 15% after strong earnings, presenting a potential buying opportunity. Q4 2024 revenues increased by 71% to $428 million, exceeding expectations. The company's financials suggest potential for S&P 500 inclusion.
February 14, 2025 | 6:45 am
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Reddit shares fell 15% after strong earnings, which may present a buying opportunity. The company reported a 71% revenue increase and strong guidance, suggesting potential for S&P 500 inclusion.
Despite a 15% drop in share price post-earnings, Reddit's strong financial performance, including a 71% revenue increase and positive guidance, suggests a potential buying opportunity. The possibility of S&P 500 inclusion could further boost investor interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100