Streetbeat News

RDDT

Reddit, Inc.

https://www.redditinc.com

Industry

Internet Content & Information

Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.

Open

164.35

Mkt cap

30B

Volume

4.9M

High

173.95

P/E Ratio

-55.87

52-wk high

180.74

Low

163.51

Div yield

N/A

52-wk low

37.35

Wall Street analysts have given positive recommendations for Reddit Inc. (RDDT), suggesting it as a good investment. The article questions the importance of these analyst ratings in influencing stock prices.

Portfolio Pulse from

December 16, 2024 | 3:45 pm

Reddit Inc. (RDDT) experienced a decline of 1.45% in its stock price, closing at $163.51, which was a larger drop compared to the broader market.

Portfolio Pulse from

December 13, 2024 | 12:00 am

Reddit's stock, RDDT, is experiencing growth due to AI innovations and increased advertising revenue. The company is focusing on enhancing user engagement, which is expected to drive the stock price higher.

Portfolio Pulse from

December 12, 2024 | 5:00 pm

Reddit's stock has seen significant growth since its IPO in March, debuting at $34 per share and closing the day up 48%.

Portfolio Pulse from

December 11, 2024 | 3:30 pm

Reddit has become a valuable resource for AI companies due to its extensive collection of conversational text. This has positioned Reddit as a key player in the AI industry, benefiting from the demand for data to train AI models.

Portfolio Pulse from

December 10, 2024 | 10:45 am

Reddit's stock reached a record high following an upgrade from Morgan Stanley, which highlighted the company's growth potential through various strategies leading into 2025.

Portfolio Pulse from

December 09, 2024 | 9:30 pm

Reddit's stock hits record highs following the announcement of a new AI search tool, as discussed by Josh Brown on CNBC's 'Halftime Report'.

Portfolio Pulse from

December 09, 2024 | 7:00 pm

Reddit has partnered with Google, boosting its growth prospects. The company is experiencing user and revenue growth, with international expansion as a potential driver. However, risks include high share dilution, stock-based compensation, and insider trading by Tencent.

Portfolio Pulse from

November 30, 2024 | 12:30 pm

Scott Bauer is bullish on Reddit (RDDT), Nano Nuclear Energy (NNE), and Autodesk (ADSK) stocks, considering them on sale during Black Friday. Rick Ducat provides technical analysis and key chart levels for traders.

Portfolio Pulse from

November 29, 2024 | 5:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.