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

Reddit's stock has surged 22% since December, significantly outperforming the S&P 500. The company reported a 68% YoY revenue increase in Q3 FY24, driven by strong Advertising and Data Licensing growth. Despite risks, Reddit's consistent earnings beats and raised guidance support a new price target of $275, indicating a 32% upside.

Portfolio Pulse from

February 04, 2025 | 9:30 pm

Reddit has experienced a significant surge of nearly 200% due to its advancements in AI-powered translations and strong revenue growth. However, with tech stocks appearing overvalued, a reassessment of Reddit's stock is suggested.

Portfolio Pulse from

February 04, 2025 | 3:45 pm

Reddit's Q3 results show strong growth with a 68% increase in revenue and a 47% rise in daily active users, turning profitable with a $29.9M net income. AI data licensing contributed $33.2M, but the market may overestimate its long-term value due to competition and other risks.

Portfolio Pulse from

February 03, 2025 | 5:00 am

Reddit Inc. (RDDT) saw a slight increase in its stock price, closing at $199.55, up 0.31% from the previous close, despite a general market downturn.

Portfolio Pulse from

February 01, 2025 | 12:00 am

Reddit, Inc.'s stock has been downgraded to a sell rating due to its unsustainable valuation after a significant surge. The stock is trading at an ~18x forward revenue multiple, which is twice that of Meta. Concerns include potential revenue growth deceleration and lower ARPUs from international expansion.

Portfolio Pulse from

January 29, 2025 | 4:30 pm

The article predicts that Reddit will outperform the market, specifically the S&P 500 index, which had a return of 17.7% in 2024. This suggests confidence in Reddit's potential growth and market performance.

Portfolio Pulse from

January 29, 2025 | 11:45 am

The article discusses two growth stocks, Arm Holdings and Reddit, highlighting their potential for long-term growth despite their current high valuations. Arm Holdings is noted for its unique advantages in the tech industry, while Reddit is recognized for its strong community-driven platform.

Portfolio Pulse from

January 26, 2025 | 11:30 am

An investor experienced a $3 million increase in net worth after purchasing Reddit stock, raising the question of whether to invest more or reduce holdings.

Portfolio Pulse from

January 25, 2025 | 2:45 pm

Wall Street analysts' recommendations can influence stock prices, but their true impact on investment decisions is debatable. Reddit Inc. (RDDT) is currently under consideration by brokers, suggesting potential investment opportunities.

Portfolio Pulse from

January 24, 2025 | 3:45 pm

Reddit Inc. (RDDT) experienced a stock price drop of 0.95% to $181.99, despite overall market gains.

Portfolio Pulse from

January 24, 2025 | 12:15 am

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.