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Fueled by a healthy and growing user base, Reddit produced sales of $392.4 million in the first quarter, an astounding 61% ...
Reddit Inc (RDDT) shares traded 4.5% lower on Monday after Wells Fargo analyst Ken Gawrelski downgraded the stock to ‘Equal Weight’ from ‘Overweight’ and slashed the price target to $115 from $168.
Therefore, the Reddit share price will likely drop some more as jitters in the stock market continue remain. It will then bounce back later this year, and possibly move to the next key resistance ...
Shares of Reddit (NYSE: RDDT) were sliding this week in response to an analyst downgrade on the social media stock. It fell ...
Prior to Thursday’s drop Reddit shares had gained 32% since ... Watch These Strategy Price Levels as Stock Continues to Surge Alongside Bitcoin Watch These Tesla Price Levels as Stock Drops ...
Reddit faces structural and company-specific headwinds, including weaker ad demand, tougher comps, etc. Click here to find out why RDDT is a Sell.
Loop Capital, however, is sticking with its buy recommendation, and says Reddit is worth at least $210, implying the stock has more than 78% upside from current prices. Why does Loop think this?
“You’d have to bend over backwards to convince yourself Reddit has any sort of long potential,” commented Reddit user “ModestBanana” after seeing the share price drop despite upbeat ...
Wells Fargo downgraded Reddit stock to "equal weight" and slashed its price target Reddit Inc (NYSE:RDDT) stock is under pressure this morning, last seen 5% lower at $107.52, after Wells Fargo dow ...
Despite the recent 57% drawdown in Reddit’s stock price from its peak ... the ad industry growth is projected to drop from 4.5% to 3.6%. Particularly, as fears of recession have risen, a ...