Reddit briefly went down for thousands of users on Monday before quickly recovering, while its stock extended a rally now up more than 60% year-to-date.
Reddit's stock hits new highs as strong earnings, booming ad revenue, and strategic AI data deals confirm its powerful monetization path for investors.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 1.3% in the morning session after Needham raised its price target on the stock to $300 from $215, while maintaining a Buy rating.
The global Initial Public Offering (IPO) market is experiencing a notable resurgence in 2024 and the first half of 2025, signaling a renewed investor appetite for new listings. After a period of muted activity, this uptick has reignited discussions about "frothiness"—a condition where asset prices become detached from fundamental
Growth is oxygen.
But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 8.2% in the afternoon session after Jefferies raised its price target on the stock.
Nepal's social media ban ignited deadly Gen Z-led protests over corruption and censorship, leaving 19 dead, over 100 injured, and forcing the interior minister to resign.
