Core Insights - Reddit Inc (RDDT) is scheduled to report its fourth-quarter earnings, with Wall Street anticipating an EPS of 25 cents and revenues of $405.26 million [1] - The stock has experienced a significant increase of 331.23% over the past year and 31.1% year-to-date [1] Group 1: Earnings and Market Context - Tensions with Elon Musk are escalating, as he accuses Reddit of enabling threats against his employees, which may impact investor sentiment [2] - Despite the ongoing feud and subreddit bans, Reddit shares have surged 330% over the past year, indicating strong investor confidence [3] - Analysts are closely monitoring whether the upcoming earnings report will sustain the stock's momentum or introduce volatility due to the surrounding drama [3] Group 2: Stock Performance and Technical Analysis - Reddit stock is currently priced at $213, showing a moderately bullish trend, although it is facing selling pressure that could lead to bearish movement [4] - The stock remains above its 20-day SMA of $198.28 and 50-day SMA of $178.49, indicating a bullish outlook, while it is slightly below its eight-day SMA of $216.53 [5] - The MACD indicator at 13.23 suggests a bullish phase, but the RSI of 63.24 indicates the stock is nearing overbought levels, warranting caution for potential pullbacks [6] Group 3: Analyst Ratings and Price Targets - The consensus analyst rating for Reddit stock is currently a Buy, with a price target of $159.91 [7] - Recent ratings from Raymond James and JMP Securities suggest a potential downside of 3.43%, with an average target price of $210 [7] - At the time of publication, Reddit stock was trading at $225.47 [7]
Reddit's Q4 Earnings Test: Soaring Stock Meets Elon Musk-Fueled Chaos