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Reddit Sees Strong Growth as Analysts Boost Targets and Executives Cash In
Yahoo Finance· 2025-09-20 13:36
Core Insights - Reddit, Inc. (NYSE:RDDT) has demonstrated significant growth, with a 78% year-over-year increase in revenue, reaching $500 million in Q2 2025 [2] - The company has seen a 21% year-over-year rise in Daily Active Uniques (DAUq), totaling 110.4 million [2] - Top executives have sold substantial amounts of stock, with the COO selling $7.84 million and the CFO selling $6.5 million [2] - Analysts have raised the stock's price target, with Oppenheimer increasing it from $215 to $300 and Jefferies from $230 to $300, reflecting strong confidence in the company's growth potential [3] - Since its IPO on March 21, 2024, Reddit's stock has grown by 473.13% [3] Company Overview - Reddit, Inc. is a social news aggregation and discussion platform founded in 2005 and headquartered in California [4] - The company's business model is based on user-generated content, organized into various communities known as "subreddits" [4]