Two social media giants, Snap Inc (NYSE:SNAP) and Pinterest Inc (NYSE:PINS), are shifting lower on Wall Street today.
Reddit Inc (NYSE:RDDT) stock is under pressure this morning, last seen 5% lower at $107.52, after Wells Fargo downgraded the stock to “equal weight” from “overweight” and slashed its price target to $115 from $168.
Reddit (RDDT) presents a compelling investment thesis based on its unique platform, with engaged user base. Reddit's financials—no debt, a huge cash pile, and strong free cash flow growth make it attractive. At 39x forward free cash flow, I see Reddit as a rare mix of value and high growth.
'Mad Money' host Jim Cramer digs into recent results from social media company Reddit.
'Mad Money' host Jim Cramer digs into recent results from social media company Reddit.
Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women. The investment gives him an ownership stake in two of the most-valuable teams in women's sports.
Recently, Zacks.com users have been paying close attention to Reddit Inc. (RDDT). This makes it worthwhile to examine what the stock has in store.
Reddit's Q1 FY25 earnings beat expectations, but a post-earnings dip due to search algorithm changes presents a buying opportunity. Impressive 61% YoY revenue growth, GAAP profitability, and strong international expansion highlight Reddit's robust financial performance and growth potential. Reddit's ARPU is significantly lower than competitors, indicating substantial untapped monetization potential as they refine their advertising capabilities.
Reddit (RDDT 2.27%) reported fantastic results when it provided investors with a quarterly update.
Reddit, Inc.'s Q1 2025 earnings showcased a 61% YoY revenue growth alongside expanding DAUs and margins, beating analyst expectations. Better-than-expected results led to upward revisions in revenue and profit expectations through 2027, with 2025 revenue projections at $1.82 billion and 2027 estimates nearing $3 billion. Despite a -4% post-earnings RDDT stock dip, Reddit's cultural relevance and operational strength present a compelling buying opportunity, with shares expected to rise over the coming months.
The most exciting quarter of the year is now being reported for some of the biggest companies in the stock market today. Still, despite some positive results being floated out there, some stocks (and their price action) simply haven't reacted according to what is happening underneath the hood of their businesses, creating a massive opportunity for investors.
Reddit Inc. shares jumped after it said revenue in the current quarter will be better than estimates, a sign that a broader dip in the economy hasn't yet dented the digital advertising industry. The web forum company says its adding more advertisers and expanding access.