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?Let's take a look at what these Wall Street heavyweights have to say about Reddit Inc. (RDDT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Reddit Inc. currently has an average brokerage recommendatio ...

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?Well, if you ask me, there are two stocks that I think are no-brainer buys heading into the new year. Let's take a look at them. 1. RedditFirst up is Reddit (RDDT 5.59%).Reddit is a relatively new public company, having debuted via an initial public offering (IPO) less than a year ago. Nevertheless, Reddit investors have been handsomely rewarded, with the stock up more th ...

Reddit Inc. (RDDT) closed the most recent trading day at $163.51, moving -1.45% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.54% for the day. Elsewhere, the Dow saw a downswing of 0.53%, while the tech-heavy Nasdaq depreciated by 0.66%.The company's shares have seen an increase of 25.64% over the last month, surpassing the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5%.The investment community will be closely monitoring t ...

Reddit (RDDT) shares have appreciated 25.7% in the past month compared with the broader Zacks Computer & Technology sector’s rise of 4%.RDDT shares have also outperformed the Zacks Internet Software industry and its peers, including Snap (SNAP) and Meta Platforms (META) , in the past month. While Snap and Meta Platforms shares have gained 8% and 9.1% in the past month, respectively, the industry returned 10%.The outperformance can be attributed to Reddit’s extensive content to enhance search and AI capabili ...

Shares of social media giant Reddit (RDDT 5.22%) 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.On Dec. 9, shares hit a jaw-dropping 52-week high of $180.74, a massive 432% increase from its IPO price. The stock could go even higher, especially since the fourth quarter is historically when Reddit sees increased consumer usage and revenue.Does that mean now is the time to scoop up shares? Before ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pinterest. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Reddit (NYSE: RDDT ) entered a partnership with Google this year, which was a win-win situation for both. User numbers rose sharply, leading to growing revenues, and I believe chances are high that this will continue for several years to come. ThereMy focus is on a total return style with long and short positions (10-30% short positions). My main expertise is the current technological and geopolitical shift with the amazing investment opportunities they offer. Therefore, I always try to find stocks or whole ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Reddit Inc. (RDDT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Reddit Inc. currently has an ...

Reddit, the social media platform popular with tech and gaming enthusiasts, has overtaken X to become the UK's fifth most popular social platform, according to Ofcom. By June this year, it was the fastest growing platform of its kind in the UK and reached more than half of UK adults, according to the communication regulator's latest report into the nation's digital habits. Although Reddit operates as a forum, it is still a social media platform, filled with user generated content, chats and conversations be ...

In this articleRDDTReddit logo on website. Jakub Porzycki | Nurphoto | Getty ImagesReddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told CNBC.In a wide-ranging interview, Jen Wong, chief operating officer of Reddit, said other platforms have 80% to 90% of users outside of the U.S. while about half of her company's current users are based internationally."So tha ...