Reddit's unique, highly engaged user base and authentic content drive growth and attract advertisers, positioning it as a dominant force in the social media landscape. Advanced ad technology and monetization strategies, including dynamic product ads and CAPI integration, enhance Reddit's ability to scale advertising revenue effectively. International expansion and data licensing, with significant deals already in place, present substantial growth catalysts.
I continue to remain bullish on Reddit with a price target of $205, as its Advertising and Data Licensing revenue shows no signs of slowdown, while profitability expands. In Q3, Reddit saw its DAUqs grow 47% YoY, bolstered by machine learning investments and international expansion, while improving the search experience is now a key priority. Meanwhile, Reddit continues to build superior advertising solutions to drive higher return on ad spend, with Advertising revenue growing 56% YoY.
Reddit (RDDT) had a stellar year in 2024, with s staggering 250% surge in its stock price from its first-day close following its debut listing in March. The trajectory of the stock has caused the 19-year old social media giant to become a darling of Wall Street.
In this rebroadcast of the Motley Fool Money podcast, Wharton Professor Ethan Mollick walks through his four rules for using AI, how he pushes students to use the technology, and the research from his book Co-Intelligence: Living and Working with AI.
Top IPO stocks Astera and Reddit hit new highs this week. Birkenstock is near a buy point.
When it comes to the hottest trends in the stock market for 2024, it isn't likely that investors would land on social media names, or at least not for the reasons that social media platforms should be considered. Sure, stocks like Alphabet Inc. NASDAQ: GOOGL and Meta Platforms Inc. NASDAQ: META saw some bullish price action during 2024, especially toward the end; however, it was likely because of their artificial intelligence exposure.
Reddit Inc. (RDDT) concluded the recent trading session at $176.74, signifying a -0.38% move from its prior day's close.
Reddit Inc. (RDDT) closed the most recent trading day at $163.72, moving +1.91% from the previous trading session.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
As this year draws to a close, it's time to start thinking about 2025. What stocks should investors consider as new buys for the new year?
Aquiles Larrea sees bullish aspects to all of today's Big 3. The question lingers around when bullishness around each takes shape.
In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $163.51, denoting a -1.45% change from the preceding trading day.