Reported 2 days ago
In December 2024, Reddit's stock (NYSE: RDDT) experienced a remarkable rise, gaining over 16%. This surge was driven by positive recommendations from analysts, including Wells Fargo and Guggenheim, who rated the stock as a buy with price targets of $206 and $210 per share, respectively. Analysts noted Reddit's impressive revenue growth and recent profitability, indicating strong potential for ad revenue and future success as a new player in the tech and social media industries.
Source: YAHOO