Reddit, Inc. (RDDT)
| Market Cap | 29.97B |
| Revenue (ttm) | 1.12B |
| Net Income (ttm) | -536.78M |
| Shares Out | 175.58M |
| EPS (ttm) | -4.62 |
| PE Ratio | n/a |
| Forward PE | 65.98 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,686,153 |
| Open | 162.99 |
| Previous Close | 163.72 |
| Day's Range | 158.77 - 174.11 |
| 52-Week Range | 37.35 - 180.74 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 130.38 (-23.62%) |
| Earnings Date | Oct 29, 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
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 StatementsAnalyst Forecast
According to 21 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $130.38, which is a decrease of -23.62% from the latest price.
News
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.
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.
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.
Reddit rolls out AI search tool
CNBC's Julia Boorstin joins 'Power Lunch' with the latest details on Reddit.
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...
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...
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.
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.
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...
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.
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.
Cramer's Mad Dash: Reddit
CNBC's Jim Cramer delivers his daily Mad Dash.
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.
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 ...
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.
Reddit Stock: Expensive Valuation, But Growth Will Continue Over The Next Few Years
Reddit entered a partnership with Google this year, which was a win-win situation for both. Reddit is significantly growing its user numbers, leading to revenue growth. International expansion could b...
The Big 3: RDDT, NNE, ADSK
On Black Friday, Scott Bauer is bullish on three stocks that he thinks are on sale: Reddit (RDDT), Nano Nuclear Energy (NNE), and Autodesk (ADSK). Rick Ducat provides the technical analysis and shares...
Reddit now more popular than X in the UK, says Ofcom
Reddit, the social media platform popular with tech and gaming enthusiasts, has overtaken X to become the UK's fifth most popular social platform, according to Ofcom.
Trump Is Using Truth Social for Tariff Threats. DJT Stock Could Become the Next Reddit, Twitter.
Trump Media shares have dropped since the election. The market has likely moved on—but the president-elect's latest social-media spree could change that.
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The most exciting upcoming IPOs include ecommerce and financial services as well as digital advertising and live entertainment platforms.
Reddit targets international users for ad growth, teases bolstered search feature
Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus, a top company executive told CNBC. Expansion into new markets could help Reddi...
Committee Moves: Devon Energy, Transdigm and Reddit
The Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.
Reddit Stock Drops as Advance Reportedly Plans To Borrow Against Stake
Reddit (RDDT) stock sank Friday on a report Advance Magazine Publishers planned to borrow against its stake in the social media platform and regulatory filings disclosed Chinese conglomerate Tencent H...
Top 3 reasons why I'm buying Reddit stock on recent weakness
Reddit Inc (NYSE: RDDT) opened about 8.0% down on Friday after Tencent Holdings unloaded about $88.5 million shares of the forum social network. The weakness may also be related to a report that Advan...