One of the biggest market debuts of 2024 is also one of its biggest gainers.
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's 'Halftime Report' to discuss why he's buying Reddit here.
Shares of Reddit NYSE: RDDT, the well-known social media giant, surged by as much as 50% last week following a stellar Q3 earnings report that sent the stock to new all-time highs. After pulling back briefly from highs on Thursday, the stock closed the week at $112.98, up an impressive 38.8% on the week, compared to the overall market's negative 1.38% weekly performance.
Reddit stock soared this past week, hitting record highs after the company reported its first profitable quarter as a public company. The post Reddit Stock Soars To Record Highs On First Profitable Quarter As Public Company appeared first on Investor's Business Daily.
Reddit stock soars on earnings — Don Vandenbord explains what factors Wall Street may have missed and how to notice them in the future. The post Why Wall Street Missed Signs Of Reddit Stock's 58% Climb appeared first on Investor's Business Daily.
Reddit stock is having the best day in its short history after the social media platform announced third-quarter 2024 results yesterday that were better than most analysts expected. Investors are rewarding the company.
Reddit has turned a profit for the first time as a public company.
Soaring to new highs, Reddit's (RDDT) stock has spiked more than +30% today after crushing its third-quarter expectations after market hours on Tuesday.
Reddit's proceeds from the crypto sale were $6.9 million during the quarter, according to a filing.
Analysts at Bank of America have raised their price target for Reddit (NYSE:RDDT) after the social media platform delivered a strong third quarter earnings report and upbeat outlook. The analysts raised their price objective to $99 from $84 on its upwardly revised forward estimates which reflect higher ad revenue offset by slightly lower data revenue.
Reddit (RDDT) soared on a massive rally after turning a profit and raising its fourth quarter guidance. Seema Shah says the company is significantly smaller than competitors but has also seen significant growth.
RDDT's third-quarter 2024 results benefit from strong user growth, higher ARPU and AI-powered services.