Reddit, Inc. (RDDT)
| Market Cap | 7.37B |
| Revenue (ttm) | 804.03M |
| Net Income (ttm) | -90.82M |
| Shares Out | 162.29M |
| EPS (ttm) | -1.54 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,747,462 |
| Open | 42.98 |
| Previous Close | 42.45 |
| Day's Range | 42.45 - 46.20 |
| 52-Week Range | 37.35 - 74.90 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 49.86 (+9.75%) |
| 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 14 analysts, the average rating for RDDT stock is "Buy." The 12-month stock price forecast is $49.86, which is an increase of 9.75% from the latest price.
News
Reddit down for thousands, Downdetector shows
Social media company Reddit was down for thousands of users on Thursday, according to outage monitoring website Downdetector.com.
Former Reddit CEO Ellen Pao says the tech sector's DEI push is alive and well
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Social Media Stocks Tumble
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Reddit Is Down Since It Started Trading. What Wall Street Thinks.
The social media platform had a great first day last month, but shares have dropped since then.
Reddit poised for AI and user growth, analysts say, as they initiate coverage
Newly public Reddit Inc. is well positioned to turn its vast trove of user data into a compelling resource for AI, according to analysts, who initiated coverage of the social-media platform Monday.
Reddit stock is down 35% from its high: buy the dip or sell the rip?
Reddit Inc (NYSE: RDDT) has lost nearly 35% in about three weeks but a Morgan Stanley analyst recommends not counting on a swift recovery. Reddit stock has limited upside from here The investment firm...
Wall Street brokerages start Reddit coverage with skepticism on user growth
J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to "hold" ratings, as they wait for clarity on the social media company's user growth, while staying bullish on ad-revenue grow...
Reddit to Announce First Quarter 2024 Results on Tuesday, May 7, 2024
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024. Reddit w...
How TikTok Ban Would Impact Social Media Stocks
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U.S. brokerages start Reddit coverage with doubts over turning a profit
Two U.S. brokerages began coverage of Reddit by taking a skeptical stance on the social media platform's ability to turn profitable and raised concerns over its potential entry into the 'meme stock' c...
‘Poor Man's Twitter': Reddit Gets Lukewarm Wall Street Welcome
Reddit's first batch of analyst reviews were mixed at best, putting further pressure on the newly public social media company as it navigates a significant downswing in its valuation.
Reddit's story hinges on ‘promises we've heard too many times,' a new bear says
Reddit Inc. has a “compelling” near-term narrative ahead of it, according to a Bernstein analyst. The company was the leading social-media player in terms of user and revenue growth during the fourth ...
Banker sees healthy M&A, IPO deal pipeline as private-equity firms look to deploy cash
The dealmaking pipeline for mergers and well as initial public offerings continues to improve from a year ago as private-equity firms and middle-market businesses gear up to transact, a high-ranking b...
Strategist says buy iShares Russell 2000 ETF and avoid Reddit
There are a lot of ways to evaluate whether or not an asset is worth adding to your portfolio. One thing to look at is valuation.
Can Reddit (RDDT) Monetize?
How does Reddit compare to other social media platforms like Instagram and Pinterest? The RDDT stock price is down after the NYSE debut.
Here's why Trump Media (DJT), Rumble, Reddit stocks dived
Trump Media & Technology (DJT), Rumble (RUM), and Reddit (RDDT) stock prices dived hard on Monday, erasing some of the recent gains. DJT, the newly-public social media company, crashed by over 14% on...
After DJT and Reddit, is Circle the next tech IPO to come in Q2?
Trump Media (DJT) and Reddit (RDDT) were the biggest names to go public in the first quarter of the year. To a large extent, these companies performed well shortly after listing in New York, which cou...
How to evaluate meme stocks, according to two experts
Meme stocks have wiggled their way back into Wall Street conversations as social media companies Trump Media & Technology Group (DJT) and Reddit (RDDT) began trading at high valuations despite the com...
Here's what the Trump DJT and Reddit stock deals might mean for the broad market
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Reddit shares on a two-day tumble after post-IPO high
Reddit shares are plummeting after experiencing a rally after the social messaging company's IPO last week.
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Reddit shares slump after CEO Steve Huffman sells 500,000 shares
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
Short sellers target Reddit shares as stock slips
Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed.
Reddit IPO is telling stock investors what they should know about the market now
To those with short memories, Reddit's successful initial public offering kindles worries that the U.S. stock market is entering a period of irrational exuberance like it did in the summer and fall of...