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Markets up on FridayThis summary was created by AI, based on 9 opinions in the last 12 months.
Reddit Inc. (RDDT-N) has had a mixed year, currently down 27% but still above its IPO price. The company has impressively grown its revenue by 50% over the past three quarters, with the most recent quarter being particularly strong. However, there are concerns about its reliance on search functionality, especially with the rise of AI technologies that threaten its business model. While some experts see potential for partial buying opportunities, others have voiced caution due to high expectations that were not met in recent earnings. The stock's recent performance has been volatile, with some suggesting it’s on fire while others recommend not buying at its current levels due to a high 52x PE ratio and aggressive competition from companies like Meta and Snapchat. Ultimately, while opinions vary greatly, there is a consensus about the need for caution and perhaps waiting for a better entry point.
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.
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, 8 stock analysts published opinions about RDDT-N. 7 analysts recommended to BUY the stock. 1 analyst 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.
8 stock analysts on Stockchase covered Reddit Inc. In the last year. It is a trending stock that is worth watching.
On 2025-04-11, Reddit Inc. (RDDT-N) stock closed at a price of $101.15.
Is -27% this year, but above its IPO. Have grown revenue 50% in the past 3 quarters. The last quarter was amazing. Hold $2 billion cash. However, they are closely tied to search, and AI will take a lot of that business away. Also, AI searches are using their answers. Also, trades at a high 52x PE. This will be okay, but buy lower.