Reddit Stock Trades 42% Below Its 52-Week High: Buy, Sell or Hold?

Key Takeaways Reddit stock trades 41.9% below its 52-week high, despite a 12.7% rebound since early May. Q1 earnings beat estimates with $392.36M in revenues, up 61% Y/Y, and strong user engagement growth. RDDT trades at 11.8X P/S, far above Snap's and Nextdoor's cheaper valuation multiples.Reddit (RDDT) shares closed at $133.84 on Tuesday, 41.9% below the 52-week high of $230.41 it hit on Feb. 10, 2025. Reddit shares have dropped 18.1% year to date (YTD), while the Zacks Internet - Software industry and ...