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Markets up on FridayThis summary was created by AI, based on 7 opinions in the last 12 months.
Reddit Inc. (RDDT-N) has recently been experiencing significant price movements, with an 11% increase this week and an impressive 35% increase for the year. While some experts recognize the stock's strong momentum and potential for continued growth, caution is advised due to its young history and lack of solid data for technical analysis. Several analysts point out the risks posed by fierce competition within the media and social media sector, highlighting potential threats from established players such as Snapchat, Meta, and X. Additionally, the company's parabolic chart raises concerns about the need for a correction. Despite this, there is optimism about the CEO's long-term vision, yet some experts recommend taking profits amidst its recent surge.
Would recommend selling shares. Media and social media very competitive. Other companies like Snapchat, Meta and X can erase future of company very quickly. Too hard to determine outlook for this business.
He likes it, but the chart is parabolic. It's moved up too much and needs to pull back.
Be aware that when you have a stock that hasn't been listed for that long, you don't have a lot of data to work with. Technical analysis is all about crowd behaviour -- trends, volume, a picture of how investors feel about a stock.
Since the summer, this one broke out of a saucer-like formation and now it's heading up. So far, looks good. But because it's such a "young" stock as far as being listed, hard to tell if any resistance or stopping points ahead.
The CEO has a great long-term model. he expects good numbers from them.
A 19-year-old company that's been unprofitable and cash-flow negative, but it's had a monster run since IPO'ing last week. Doesn't think much of it, but take profits.
Reddit Inc. is a American stock, trading under the symbol RDDT-N on the New York Stock Exchange (RDDT). It is usually referred to as NYSE:RDDT or RDDT-N
In the last year, 6 stock analysts published opinions about RDDT-N. 4 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Reddit Inc..
Reddit Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Reddit Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Reddit Inc. In the last year. It is a trending stock that is worth watching.
On 2025-02-21, Reddit Inc. (RDDT-N) stock closed at a price of $164.97.
Up 11% this week, and 35% this year. RSI of 74. Giving it a long leash in his stop. Has long owned it. It's on fire.