Reddit, Inc. (RDDT)

NYSE: RDDT · Real-Time Price · USD
175.33
+0.46 (0.26%)
At close: Jan 17, 2025, 4:00 PM
175.87
+0.54 (0.31%)
After-hours: Jan 17, 2025, 7:09 PM EST
0.26%
Market Cap 30.78B
Revenue (ttm) 1.12B
Net Income (ttm) -536.78M
Shares Out 175.58M
EPS (ttm) -4.62
PE Ratio n/a
Forward PE 63.24
Dividend n/a
Ex-Dividend Date n/a
Volume 3,244,052
Open 178.28
Previous Close 174.87
Day's Range 172.15 - 179.87
52-Week Range 37.35 - 187.69
Beta n/a
Analysts Buy
Price Target 145.19 (-17.19%)
Earnings Date Feb 12, 2025

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]

IPO Date Mar 21, 2024
Employees 2,013
Stock Exchange NYSE
Ticker Symbol RDDT
Full Company Profile

Financial Performance

In 2023, Reddit's revenue was $804.03 million, an increase of 20.60% compared to the previous year's $666.70 million. Losses were -$90.82 million, -42.72% less than in 2022.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $145.19, which is a decrease of -17.19% from the latest price.

Price Target
$145.19
(-17.19% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Reddit to Announce Fourth Quarter and Full Year 2024 Results on Wednesday, February 12, 2025

SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's fourth quarter and full year 2024 financial results will be released after market close on Wednesday, Febr...

4 days ago - Business Wire

Final Trades: Reddit, Delta, Thermo Fisher and Eli Lilly

The Investment Committee give you their top stocks to watch for the second half.

Other symbols: LLYTMODAL
5 days ago - CNBC Television

Calls of the Day: Reddit, GE Aerospace and GE Vernova

The Investment Committee discuss the latest Calls of the Day.

Other symbols: GEGEV
5 days ago - CNBC Television

5 Top Tech Stocks Of 2024: Year In Review

I review five of the top stocks of 2024, selected based on their price action, fundamentals and presence within leading tech themes. All five of these stocks trade at quite high multiples, headlined b...

Other symbols: ALABAPPIONQPLTR
13 days ago - Seeking Alpha

Reddit Hailed As 'AI-Learning Goldmine': Despite Buying Pressure, There's Bullish Potential

Reddit Inc. RDDT has been riding a wave of optimism, with its stock surging over 125% in the past six months. While a modest 10% dip over the last month suggests some cooling, the bullish technical an...

17 days ago - Benzinga

3 stock picks investors are bullish on for 2025

With the first trading day of 2025 underway, IG North America CEO JJ Kinahan joins Brad Smith and Madison Mills on Morning Brief to outline three stocks clients are most bullish on, based on stock act...

Other symbols: CSCOMSFT
17 days ago - Yahoo Finance

7 Winner Tech Stocks For 2025

Now, as we turn our focus to 2025, I remain very optimistic on stocks. However, overall market valuations look somewhat expensive now; and thus, I argue stock picking will be more important in 2025 th...

18 days ago - Seeking Alpha

Reddit Has Outperformed My Expectations And Now I Want More Shares

Reddit's unique, highly engaged user base and authentic content drive growth and attract advertisers, positioning it as a dominant force in the social media landscape. Advanced ad technology and monet...

19 days ago - Seeking Alpha

Reddit: Just Let Your Winners Run

I continue to remain bullish on Reddit with a price target of $205, as its Advertising and Data Licensing revenue shows no signs of slowdown, while profitability expands. In Q3, Reddit saw its DAUqs g...

20 days ago - Seeking Alpha

RDDT stock 2025 forecast: will the company sustain its IPO momentum?

Reddit (RDDT) had a stellar year in 2024, with s staggering 250% surge in its stock price from its first-day close following its debut listing in March. The trajectory of the stock has caused the 19-y...

23 days ago - Invezz

The Big 3: META, MO, RDDT

Aquiles Larrea sees bullish aspects to all of today's Big 3. The question lingers around when bullishness around each takes shape.

Other symbols: METAMO
5 weeks ago - Schwab Network

How Years of Reddit Posts Have Made the Company an AI Darling

The social-media veteran is profiting from feeding artificial-intelligence companies' insatiable appetite for conversational text.

5 weeks ago - WSJ

Reddit Stock Hits Record High After Upgrade From Morgan Stanley on Its Growth Potential

Reddit (RDDT) shares climbed to a record high Monday after analysts from Morgan Stanley upgraded the social media stock, citing the company's "multiple levers" for potential growth heading into 2025.

5 weeks ago - Investopedia

Reddit rolls out AI search tool

CNBC's Julia Boorstin joins 'Power Lunch' with the latest details on Reddit.

5 weeks ago - CNBC Television

Reddit stock pares intraday gains despite double dose of good news

Reddit Inc (NYSE: RDDT) opened sharply up on a double dose of good news this morning but then pared its entire gain to turn red within an hour. Morgan Stanley analyst Brian Nowak upgraded the forum so...

5 weeks ago - Invezz

Reddit Stock Gets Boost From Morgan Stanley: Analyst Sees 'Best In Class Growth'

Reddit Inc. RDDT just got a major thumbs-up from Morgan Stanley, with analyst Brian Nowak upgrading the stock to Overweight and setting a bold $200 price target. This reflects a 23% upside — but the r...

5 weeks ago - Benzinga

Chart of the Day: Reddit

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss Reddit hitting record highs after announcing a new AI search tool.

5 weeks ago - CNBC Television

RDDT's Exponential Potential in Ads & A.I.

Data from @LikeFolio's Andy Swan shows Reddit (RDDT) thwarts competitors when it comes to ad growth. The company's extended A.I.

5 weeks ago - Schwab Network

Reddit Launches Test of AI-Powered Search Tool

Reddit has launched a test of an artificial intelligence (AI)-powered conversational interface designed to answer questions by providing information and recommendations based on conversations and comm...

5 weeks ago - PYMNTS

Reddit tests AI-powered feature to answer user queries

Reddit is testing an AI-powered feature called Reddit Answers, which scours posts on the social media platform to answer users' queries, it said on Monday.

6 weeks ago - Reuters

TSLA's "Monster" Technical Move, AMD Downgrade, RDDT Upgrade

Tesla (TSLA) continues its race to break a new all-time high with the stock now 15% higher so far in December. Alex Coffey looks into the stock's tradability amid recent volatility.

Other symbols: AMDTSLA
6 weeks ago - Schwab Network

Cramer's Mad Dash: Reddit

CNBC's Jim Cramer delivers his daily Mad Dash.

6 weeks ago - CNBC Television

Reddit's stock gets a boost as social-media platform ramps up AI-powered search with Reddit Answers

The social-media platform is expanding its beta test of Reddit Answers, the company said Monday.

6 weeks ago - Market Watch

Reddit begins testing AI-powered answers feature to win more users

Reddit is rolling out a new artificial intelligence feature designed to help people quickly find answers based on user posts, the company said Monday. Reddit Answers, as the feature is called, allows ...

6 weeks ago - CNBC

Reddit has done nothing but surprise to the upside, says Jim Cramer

'Mad Money' host Jim Cramer looks at the best performing IPOs of the year.

6 weeks ago - CNBC Television