Company Performance - Reddit Inc. closed at $163.51, down 1.45% from the previous trading session, underperforming the S&P 500, which lost 0.54% [1] - Over the last month, Reddit's shares increased by 25.64%, significantly outperforming the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 1.5% [1] Earnings and Analyst Forecasts - The investment community is closely monitoring Reddit Inc.'s upcoming earnings report and any recent revisions to analyst forecasts, as these revisions indicate changing near-term business trends [2] - Positive estimate revisions are interpreted as a favorable sign for the company's business outlook [2] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [4] - The Zacks Consensus EPS estimate for Reddit Inc. has increased by 4.79% in the past month, and the company currently holds a Zacks Rank of 2 (Buy) [4] Industry Overview - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 34, placing it in the top 14% of over 250 industries [5] - The Zacks Industry Rank assesses the strength of industry groups by calculating the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [5]

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 a ...

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 ...

Steven Cohen's hedge fund, Point72, made a massive splash during the third quarter after buying over 2 million shares in Reddit.When it comes to investing in artificial intelligence (AI), there are no other stocks that garner more attention than the "Magnificent Seven." While each of those megacap tech giants presents a unique opportunity in the AI space, smart investors understand that there are other options.Steven Cohen of Point72 Asset Management made a pretty big statement during the third quarter, hav ...

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms and 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 t ...