Reddit, Inc. (RDDT)
| Market Cap | 9.90B |
| Revenue (ttm) | 883.25M |
| Net Income (ttm) | -605.02M |
| Shares Out | 159.45M |
| EPS (ttm) | -3.79 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 14,671,520 |
| Open | 61.20 |
| Previous Close | 56.38 |
| Day's Range | 60.62 - 66.15 |
| 52-Week Range | 37.35 - 74.90 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 56.20 (-9.41%) |
| Earnings Date | May 7, 2024 |
About RDDT
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. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $56.2, which is a decrease of -9.41% from the latest price.
News
The Score: GameStop, Walmart, Reddit and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
3-Stock Lunch: RDDT, NVDA & MDT
Gina Sanchez, Lido Advisors chief market strategist, joins 'Power Lunch' to discuss stock plays for three stocks including: Reddit, Nvidia and Medtronic.
Plexo's Lo Toney weighs in on Reddit's partnership with OpenAI
Lo Toney, Plexo Capital managing partner, joins 'Closing Bell' to discuss Reddit partnering with OpenAi for its search and app.
Reddit OpenAI deal highlights demand for the social-media platform's data
Reddit Inc.'s deal with OpenAI likely reflects the scale of demand for the social media platform's data, according to Deutsche Bank.
Reddit Forges Pact With OpenAI on Content for ChatGPT
Reddit forged a partnership with OpenAI that will bring its content to the chatbot ChatGPT and other products, while also helping the social media company add new artificial intelligence features to i...
Reddit (RDDT) Partners with OpenAI
Reddit (RDDT) signed a data licensing deal with OpenAI. Diane King Hall discusses this as OpenAI's ChatGPT will gain access to Reddit data and OpenAI will become a Reddit partner.
Dow Jones Today: Stocks Inch Higher; GameStop, Reddit in Focus
U.S. stocks held steady near record highs on Friday as shares of GameStop tumbled, capping off a rollercoaster week for it and other meme stocks.
Reddit Stock Surges on OpenAI Deal: What You Need To Know
Reddit inked a partnership with OpenAI that will bring new artificial intelligence features to the social media platform.
Reddit shares surge on OpenAI ChatGPT deal, on pace for biggest gain since March
Shares of Reddit Inc. soared 15.3% Friday, lifted by the company's deal with OpenAI, putting the stock on pace for its biggest gain since March 25, 2024, when it rose 30% Dow Jones Market Data show.
Reddit stock price sees fresh high after content deal with ChatGPT maker OpenAI
Shares of Reddit were on the rise in premarket trading Friday after the social media company announced a content deal with OpenAI, the Microsoft-backed artificial intelligence company behind ChatGPT a...
Reddit surges on OpenAI deal
CNBC's 'Squawk Box' team discusses Reddit as the social media company's stock surged after announcing a deal with OpenAI.
Reddit stock jumps after OpenAI partnership
Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform with AI-enhanced experience a...
Reddit, OpenAI Forge Pact to Bring Content to ChatGPT
Reddit announced a partnership with OpenAI to bring its content to the chatbot ChatGPT and other products. Tom Mackenzie reports on Bloomberg Television.
Reddit Stock Stock Soars. Playing Nice with AI Companies Is Paying Off.
The social-media company's agreement to license its content with Microsoft-backed OpenAI comes after Reddit reached a similar arrangement with Alphabet's Google, reported to be worth $60 million a yea...
Reddit gives OpenAI access to its wealth of posts
OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work on the popular discussion platform, the companies said Thursday.
Why is the Reddit Inc stock price (RDDT) up 12% today?
Reddit Inc (RDDT), arguably the original meme stock, has done a roaring trade in the past few hours. After debuting on the New York Stock Exchange stock exchange as recently as March 21st, the Reddit ...
Reddit Stock Soars After Company Inks Partnership With ChatGPT Owner OpenAI
Reddit (RDDT) shares soared nearly 12% in extended-hours trading Thursday after the company announced a partnership with OpenAI that allows the ChatGPT owner to train its artificial intelligence (AI) ...
OpenAI and Reddit Partner on Data Licensing, AI-Powered Features, Advertising
OpenAI will be using Reddit content to train its artificial intelligence (AI) models. That's one component of a new partnership formed by the AI company and the social media platform, Reddit said in a...
OpenAI's New Reddit Deal Means Real-Time Data for You ChatGPT Users
Meanwhile, Reddit says it will bring "AI-powered features" to redditors.
OpenAI strikes deal with Reddit to bring content to ChatGPT
OpenAI will also become a Reddit advertising partner.
Reddit shares climb on ChatGPT deal with OpenAI
Shares of Reddit Inc. rose 9% in extended trading Thursday after the social-media platform announced a partnership with OpenAI.
OpenAI inks deal to train AI on Reddit data
OpenAI and Reddit have reached a deal to allow OpenAI to train its generative AI models on Reddit's data.
Reddit announces another big data-sharing AI deal — this time with OpenAI
OpenAI and Reddit are teaming up together in a new partnership. Reddit's content will help train OpenAI's models, the companies announced Thursday.
OpenAI partnering with Reddit on advertising and content
CNBC's Kate Rooney joins 'Closing Bell Overtime' with the latest on Reddit partnering with OpenAI.