Reddit, Inc. (RDDT)
| Market Cap | 12.02B |
| Revenue (ttm) | 883.25M |
| Net Income (ttm) | -605.02M |
| Shares Out | 163.51M |
| EPS (ttm) | -3.70 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,673,656 |
| Open | 65.99 |
| Previous Close | 66.59 |
| Day's Range | 65.65 - 73.52 |
| 52-Week Range | 37.35 - 74.90 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 57.00 (-22.46%) |
| Earnings Date | Aug 25, 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 $57.0, which is a decrease of -22.46% from the latest price.
News
WSJ reporter compares Google v Reddit search results
Reddit (RDDT) usage for search has boomed. According to data from Similarweb, the social media platform saw a 39% increase in website visits, year-over-year, while Google (GOOG, GOOGL) reported a drop...
Reddit to update web standard to block automated website scraping
Social media platform Reddit said on Tuesday it will update a web standard used by the platform to block automated data scraping from its website, following reports that AI startups were bypassing the...
Here's why Reddit has more room to grow: Analyst
Shares of Reddit (RDDT) are up almost 25% since its IPO debut in March. Needham & Company senior entertainment and internet analyst Laura Martin raised her price target for the company from $63 to $75...
Reddit's traffic is way, way up. Like, banoodles up.
Reddit's traffic is up 39% year over year this month, according to Similarweb. That's a huge increase for a platform that's been around for almost 20 years.
As Small Caps Lag 20% Behind S&P 500, Reddit User Says Market Cap Definitions 'Should Really Be Readjusted For Inflation'
In a recent discussion on Reddit, users are debating the necessity of adjusting market cap definitions to account for inflation.
Meta, Reddit, Snap Others in Focus as Surgeon General Calls for Social Media Warnings
The U.S. Surgeon General, Dr. Vivek Murthy, is set to push for a warning label on social-media platforms advising parents that using the platforms might damage adolescents' mental health.
Integral Ad Science (IAS) Announces Deal with Pinterest (PINS) & Reddit (RDDT)
Integral Ad Science (IAS) is a digital advertising verification company. George Tsilis discusses IAS as it announced new deals with Pinterest (PINS) and Reddit (RDDT).
IAS PARTNERS WITH REDDIT TO PROVIDE AI-DRIVEN MEASUREMENT TO ADVERTISERS
Total Media Quality for Reddit Empowers Global Advertisers with Industry-Leading Brand Safety and Suitability, Viewability, and Invalid Traffic Measurement NEW YORK , June 13, 2024 /PRNewswire/ -- Int...
Three-Stock Lunch: 3M, Lyft & Reddit
Chris Grisanti, MAI Capital Management chief equity strategist, joins 'Power Lunch' to discuss stock plays for three companies, including 3M, Lyft, and Reddit.
Growth Drivers to Watch for Reddit (RDDT)
Reddit (RDDT) began trading on March 21st. LikeFolio's Megan Brantley discusses the outlook for Reddit.
Could Reddit stock benefit from the ongoing meme stock craze?
Reddit Inc (NYSE: RDDT) has gained nearly 40% since its year-to-date low but it may be as far as the stock goes for now.
‘So far, so great' for newly public Reddit, says moderator-turned-investor
Just over 60 days since Reddit Inc.'s initial public offering, one of the social-media platform's moderators-turned-investors says she is “really pleased” with how things are going.
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...