Movement Alert｜Reddit Rises 5.11% in Regular Trading, Post-Earnings Rebound Continues as Multiple Analysts Maintain Bullish Outlook

Market Focus08-07 22:04

On August 7, Reddit rose 5.11% in regular trading, trading at $160.835/share, with turnover of $120 million. The stock continues its recovery following a sharp post-earnings selloff of over 22% triggered by concerns over slowing US user growth and AI search reshaping traffic dynamics.

Despite the initial sell-off, Reddit's Q2 results significantly exceeded expectations, with revenue of $804.9 million representing 61% year-over-year growth and EPS of $1.25 beating the $0.95 consensus by over 31%. Q3 revenue guidance of $860-870 million also surpassed the Street estimate of $828 million. Wedbush maintained its Outperform rating with a $221 price target, noting that improving ad products, higher-value app users, and potential AI licensing deals should offset weaker search traffic. KeyBanc initiated coverage with an Overweight rating and $225 target. These sustained bullish endorsements, combined with post-selloff valuation repair demand, continue to support the stock's rebound trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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