Reddit Stock News

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.

Reddit stock zoomed 42% Wednesday after the tech firm posted a surprise quarterly profit, its first since going public last March. Shares finished at $116.

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.

What's driving Reddit's stock to new heights today? Check out how the social discussion forum crushed analysts' expectations in the third quarter.