RDDT stock rides on enhanced advertising and increased user engagement.
Shares of social media giant Reddit (RDDT 5.15%) have been on a rocketship since its IPO in March. The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come.
The social-media veteran is profiting from feeding artificial-intelligence companies' insatiable appetite for conversational text.
Reddit (RDDT) shares climbed to a record high Monday after analysts from Morgan Stanley upgraded the social media stock, citing the company's "multiple levers" for potential growth heading into 2025.
CNBC's Julia Boorstin joins 'Power Lunch' with the latest details on Reddit.
Reddit Inc (NYSE: RDDT) opened sharply up on a double dose of good news this morning but then pared its entire gain to turn red within an hour. Morgan Stanley analyst Brian Nowak upgraded the forum social network today to “overweight”.
Reddit Inc. RDDT just got a major thumbs-up from Morgan Stanley, with analyst Brian Nowak upgrading the stock to Overweight and setting a bold $200 price target. This reflects a 23% upside — but the real buzz lies in the potential for an 85% upside under the firm's bull case scenario.
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss Reddit hitting record highs after announcing a new AI search tool.
Data from @LikeFolio's Andy Swan shows Reddit (RDDT) thwarts competitors when it comes to ad growth. The company's extended A.I.
Reddit has launched a test of an artificial intelligence (AI)-powered conversational interface designed to answer questions by providing information and recommendations based on conversations and communities across its social media platform.
Reddit is testing an AI-powered feature called Reddit Answers, which scours posts on the social media platform to answer users' queries, it said on Monday.
Shares of Reddit Inc (NYSE:RDDT) are 5.2% higher at $171.26 at last glance, following a lofty bull note at Morgan Stanley.