Several analysts cut their price targets.
Investor's Business Daily on MSN
Reddit stock climbs on earnings beat, $1 billion buyback authorization
Reddit stock fell after the social media company reported fourth quarter results that beat expectations.
Reddit got a boost after introducing its new Community Intelligence product at the Cannes Lions festival. One analyst also said Meta Platforms' deal with Scale AI is positive for Reddit stock. The ...
Reddit's revenue is surging, but its stock has been going in the opposite direction.
Reddit (NYSE: RDDT) has only traded since its initial public offering (IPO) in March 2024. Since then, its shares have surged as investors became more aware of how the company differentiates itself ...
Reddit's revenue growth rate has coasted comfortably above 50% in recent quarters. However, the stock's high valuation could make it difficult for it to take off after earnings. Shares of Reddit (NYSE ...
Reddit RDDT stock surged 5.3% after hours on Q4 earnings of $1.24 vs 94 cents expected, $726M revenue, and $1B buyback with just $3M AI spending.
Coatue Management revealed a $1 billion Reddit stake as of the fourth quarter. Reddit stock has been on a tear, nearly tripling since October amid solid earnings. The hedge fund also revealed a ...
Reddit's AI search service Reddit Answers, improved monetization and a growing ad business were all mentioned as reasons analysts became more bullish Reddit Inc. is on a path to long-term growth for a ...
Reddit has been a veritable juggernaut, soaring since its IPO early last year. The social media site's growing popularity has translated into massive revenue growth. However, Reddit's market cap now ...
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