Why Reddit Stock Is Plummeting Today
According to recent reports, X is looking to raise capital by selling stakes valuing the company at $44 billion -- the same price that Tesla CEO Elon Musk acquired the business at in 2022. After today's pullback, Reddit has a market capitalization of roughly $31 billion.
Reddit Stock: A Deep Dive Into Analyst Perspectives (29 Ratings)
In the assessment of 12-month price targets, analysts unveil insights for Reddit, presenting an average target of $196.93, a high estimate of $250.00, and a low estimate of $160.00. This upward trend is evident, with the current average reflecting a 29.53% increase from the previous average price target of $152.04.
8hon MSN
Reddit turned in solid revenue growth, but investors were disappointed with its user growth. The company has a nice ...
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Even accounting for its recent sell-off, Reddit stock is up big in recent months. One hedge fund revealed it took a big stake ...
RDDT benefits from strong user growth, AI-driven partnerships and a surge in ad revenues. However, concerns over valuation ...
Business Insider on MSN10d
Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt trafficCEO Steve Huffman said a Google algorithm tweak caused "volatility" on the site.
Reddit stock is down Thursday after the social media platform fell short of expectations on a key metric for its fourth ...
In addition to a miss on quarterly EPS, Reddit's daily active users in the December quarter hit 101.7 million, less than the ...
Reddit shares tumbled after the social-media company reported slower-than-expected growth in users. Daily users totaled 101.7 ...
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