After Reddit Surge, Still Worth Buying or Not?

Reddit jumped 5% after it beat Wall Street’s revenue expectations and raised its forecast in its first earnings. ---------------- After Reddit's 15% post-earnings surge, is it still a good time to get on board? What's your target price for Reddit?

avatarTiger V
05-11
$Reddit(RDDT)$ After the recent surge, Reddit's stock remains an intriguing investment opportunity. With plans to diversify revenue streams through marketplace expansion, innovative product launches, and robust content moderation, Reddit is poised for continued growth. Considering its potential for market disruption and strategic initiatives, I believe Reddit's target price could reach $70 in the near term.
avatarMoah
05-10
$Reddit(RDDT)$ can consider 
avatarljm94
05-09
avatarTse Lei
05-09
$Reddit(RDDT)$ Reddit (RDDT) Stock Analysis Reddit is a social media platform where users can submit content, such as text, links, images, and videos, to various online communities, or "subreddits." The platform is organized by topic, with each subreddit dedicated to a specific subject. Users can vote on content, which determines its visibility on the site. Reddit is known for its open and often anonymous nature, which has led to the creation of many popular subreddits, such as r/AskReddit, r/News, and r/Funny. Recent Performance Reddit's stock price has been volatile since its IPO in March 2024. The stock initially surged after the IPO, but it has since fallen back to Earth. However, the stock has recently regained some ground, and it is now trad
$Reddit(RDDT)$ No, locked in your profit and stay sidelines.. Wait for next opportunity.
avatarVadivel
05-08
$Reddit(RDDT)$ 💪💪💪
$Reddit(RDDT)$  Exciting news from Reddit! Stock is jumping +14% with record user traffic and a first profitable Q1. Revenue surged 48% to $243.0 million Woah - they make $3/user! 🤑 So far so good, but the shorts have plenty of ammo and they will push this back down at some point. Next few days could get wild so stay nimble and expect big moves in both directions. Resistance areas at $65 and $75, then clear skies above that...
Not worth buying. The market is consolidating. Hard to judge the trend in May.Stock like $Reddit(RDDT)$ is dangerous at this time.I will watch how will it move and buy some safe stocks for me.
avatarwindy00
05-08
Stock generally goes up after earnings beat.I might buy some $Reddit(RDDT)$ tonight and sell at my target price- $65.
avatarladyman
05-08
no, i won’t buy $Reddit(RDDT)$ at $56.this price is too high for me.

Reddit Valuation Concerns Despite Strong User Engagement

$Reddit(RDDT)$ will report its Q1 results after Tuesday's close, marking its first turn in the earnings spotlight since the social media platform's late-March initial public offering (IPO). Reddit has become one of the best sources to train generative AI (artificial intelligence) large language models (LLMs), Over the past 18 years, Reddit’s content library contains 1 billion posts and 16 billion comments collected. The platform itself hosts 1.2 million new posts and 7.5 million new comments every single day, This should give RDDT pricing power given there are no high-quality substitutes at a similar scale. Market is expecting Reddit to report a first-quarter per-share loss of $8.71 with $212.8 million in revenue. Reddit (RDDT) Implied Straddle Im
Reddit Valuation Concerns Despite Strong User Engagement
$Reddit(RDDT)$   #reddit Reddit is certainly a stock that will see its share price mimicking a meme stock. For its multimillion USD market cap, it's really unfitting for such status. There is no need to rush into this stock. Waiting may be a better game for me #USA As always, this should not be construed as any investment or trading advice. $Meta Platforms, Inc.(META)$  $Trump Media & Technology(DJT)$