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

126.51

Mkt cap

23B

Volume

6.8M

High

130.83

P/E Ratio

-38.50

52-wk high

230.41

Low

123.45

Div yield

N/A

52-wk low

37.35

Roth MKM analyst Rohit Kulkarni has maintained a Buy rating on Reddit and raised the price target from $89 to $116.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 5:16 pm

Reddit, Inc. (NYSE:RDDT) shares surged following a strong Q3 earnings report, with revenue up 68% year-over-year and a significant increase in daily active users. Analysts have raised price targets, citing growth in user engagement and advertising potential.

Portfolio Pulse from Erica Kollmann

October 30, 2024 | 5:14 pm

B. Riley Securities has reiterated a Buy rating on Reddit and raised its price target from $87 to $112.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 4:57 pm

Several communication services stocks experienced significant price movements during Wednesday's intraday session. Reddit, Haoxi Health Technology, Snap, Asset Entities, E W Scripps, and BuzzFeed saw notable gains, while ATN International, Trump Media & Technology, Criteo, Thryv Holdings, Giftify, and TuanChe experienced declines. These movements were largely influenced by recent earnings reports.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 4:31 pm

Piper Sandler analyst Thomas Champion has reiterated an Overweight rating on Reddit (NYSE:RDDT) and increased the price target from $70 to $115.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 4:19 pm

Snap Inc. and several other major stocks, including Reddit, Omnicell, and Unisys, saw significant gains following better-than-expected earnings reports. Snap's shares rose 13.5% after surpassing revenue and earnings estimates.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 3:26 pm

U.S. stocks rose with the Dow gaining over 150 points. Alphabet reported strong Q3 results, boosting its stock. Tharimmune and Ensysce Biosciences saw significant stock increases, while SRIVARU Holding, Vicinity Motor, and Applied DNA Sciences experienced declines.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 3:04 pm

The article lists the top 10 trending stocks on WallStreetBets as of October 30, 2024, according to Swaggy Stocks. The stocks mentioned include SMCI, AMD, META, DJT, LLY, RDDT, NVDA, GOOG, MSFT, and AI.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 1:34 pm

Reddit Inc. (NYSE:RDDT) saw a 21.56% surge in pre-market trading after reporting better-than-expected Q3 financial results. The company reported earnings of 16 cents per share and revenue of $348.4 million, surpassing analyst expectations. Most revenue came from advertising, with additional income from data licensing deals with Alphabet Inc. and OpenAI.

Portfolio Pulse from Benzinga Neuro

October 30, 2024 | 12:15 pm

B of A Securities analyst Justin Post maintains a Neutral rating on Reddit (NYSE:RDDT) and raises the price target from $84 to $99.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:11 pm

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