Reddit, Inc. (RDDT)
| Market Cap | 10.20B |
| 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 | 2,042,395 |
| Open | 62.90 |
| Previous Close | 62.06 |
| Day's Range | 61.23 - 64.32 |
| 52-Week Range | 37.35 - 78.08 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 63.47 (+1.78%) |
| Earnings Date | Aug 6, 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 $63.47, which is an increase of 1.78% from the latest price.
News
Reddit's stock rises on new partnership with NFL, NBA, MLB, PGA Tour and NASCAR
Shares of Reddit Inc. ended Monday's session up 5.3% after the social-media platform announced a partnership program with five major U.S. sports organizations.
Reddit Stock Jumps as Social Media Shares Climb
Shares of Reddit (RDDT) jumped Monday, outpacing other social media companies' rising shares to start the week.
Reddit partners with NFL, NBA to boost revenue
Reddit said on Monday it has struck deals with sports leagues, including the National Basketball Association and the National Football League, in an attempt to boost revenue.
Reddit (RDDT) Vs. Trump's DJT: How 2 High-Profile Social Media Stocks Have Fared Since March Listings
Social media stocks Reddit, Inc. RDDT and Trump Media & Technology Group Corp. DJT were among high-profile public listings in March and their fortunes have diverged. Here's a rundown on how the shares...
This Starbucks Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...
Loop Capital downgrades Reddit stock to Hold amid valuation concerns: Is it time to cash out?
On Tuesday, Loop Capital analysts downgraded Reddit Inc (NYSE: RDDT) from Buy to Hold, triggering a more than 3% drop in pre-market trading. The downgrade was driven by concerns over Reddit's valuatio...
CrossFirst Bankshares Posts Q2 Earnings, Joins Owens & Minor, Reddit And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 40 points on Tuesday.
Bullish on Reddit (RDDT) as Shares Near All-Time High
Reddit (RDDT) shares are near a post IPO all-time high. Shares are up nearly 60% since going public on March 21st.
Reddit to Announce Second Quarter 2024 Results on Tuesday, August 6, 2024
SAN FRANCISCO--(BUSINESS WIRE)--Reddit, Inc. (NYSE: RDDT), announced today that the company's second quarter 2024 financial results will be released after market close on Tuesday, August 6, 2024. Redd...
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.