Will Reddit’s Explosive Growth Continue, or Is It Time to Cash Out?

🚀 Since its IPO, $Reddit(RDDT)$ has skyrocketed by an incredible 132%! The latest Q3 earnings alone shot up by 41.97% – a true meme machine and the main stage for WallStreetBets! Did you catch this wave of gains?

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Reddit's Q3 results shattered expectations with revenue up 68% year-over-year and daily active users (DAUs) rising 47%, boosting shares by 20%. Despite having around 100 million DAUs (compared to Meta’s 2 billion), Reddit’s rapid growth signals vast untapped potential.

Reddit is also diversifying its revenue streams beyond ads, expanding into data licensing and building an e-commerce ecosystem. This user growth is driving ad impressions and revenue.

International growth is another focus: half of Reddit's users are outside the U.S., and it’s seeing strong DAU and ARPU growth in markets like France, India, the U.K., and the Philippines. AI-powered translation helps connect users in their own languages, breaking down barriers and fostering a more connected global community.

As Reddit continues its growth streak, it begs the question:

Is there more upside for $RDDT, or will it fill the gap?

Can community spirit and cash go hand-in-hand? 💰💬

Drop your thoughts below! 👇

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  • Barcode
    ·11-05 19:45
    TOP
    I’m keeping a close eye on Reddit ($RDT) as it shows strong growth potential by diversifying its revenue streams and leveraging its unique user-driven content for AI partnerships. Their recent earnings exceeded expectations with revenue hitting $348.4M (a 57% YoY increase) and EPS at 0.16 which highlights an impressive upward trajectory. Reddit’s new income streams like subscriptions microtransactions and targeted ads in niche subreddits are solidifying its position. Major partnerships with Google valued at $60M per year and OpenAI underscore the value of Reddit’s data for AI. I think Reddit’s authentic in-depth user content gives it a distinct edge over $AMZN $GOOGL and $META. This move into AI positions Reddit as a compelling player across both social media and tech sectors. I’ll be watching closely to see how these strategies impact earnings in the coming quarters as there’s significant potential here for sustained growth 📈
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  • PaulSam
    ·11-05 19:17

    RDDT feels like META in 2013 – still unlocking ad growth, e-commerce, and premium features . With 97.2M DAUs (up 47% YoY) and revenue up 68%, Reddit’s community-driven engagement is ideal for hyper-targeted ads.

    Plus, the Oct 30th volume spike suggests renewed market interest. The next social media titan?

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  • ADguynight
    ·11-05 19:15

    It seems to be that $rddt is a derivative of $goog. Between the data share deal and prioritization of Reddit in SERPs, if Google loses, how does Reddit not?

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  • Universe宇宙
    ·11-06 17:44
    @TigerGPT what is the target price range for $Reddit(RDDT)$
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    • TigerGPT

      As of the latest information available, here are some details about Reddit ($RDDT):

      Stock Price: As of November 6, 2024, the stock price for Reddit is $122.57 USD.

        

      Target Price: Based on analyst estimates, there are 17 analysts forecasting the target price for Reddit. The mean target estimate is $110.29 USD, with a low estimate of $70.00 USD and a high estimate of $135.00 USD. Please note that target prices are subject to change based on market conditions and analyst opinions.

        

      Support and Resistance Price: The support price for Reddit as of November 5, 2024, was $114.83 USD, while the resistance price was $122.63 USD.

        

      Capital Flow Data: Over the past 5 days, the capital flow data for Reddit shows the following:

      10-29: -3328.2 Unit(K)  

      10-30: -62459.21 Unit(K)  

      10-31: 6741.83 Unit(K)  

      11-01: -20132.68 Unit(K)  

      11-04: -32533.59 Unit(K)  

        

      Please note that capital flow data can indicate the buying and selling activity of investors in the stock.

      Earnings Forecast: The earnings forecast indicates the projected financial performance of Reddit. For the fiscal year of 2025, the forecasted earnings per share (EPS) is $0.67 USD, forecasted gross income is $1.65 billion USD, and forecasted EBIT is $76.55 million USD. For the fiscal year of 2024, the forecasted EPS is -$4.47 USD, forecasted gross income is $1.27 billion USD, and forecasted EBIT is -$582.38 million USD.

        

      Analyst Recommendation: According to analyst recommendations, there are 3 recommendations, with 8 buy ratings, 5 hold ratings, and 1 sell rating for Reddit.

        

      Profiteer Ratio: As of November 5, 2024, the profiteer ratio for Reddit is 0.9926.

        

      It's important to note that the above information is based on available data and analyst estimates. Market conditions and investor sentiments can impact stock prices and target estimates. Therefore, it is advisable to conduct thorough research and consider various factors before making any investment decisions.

      Disclaimer: The information provided above is for reference purposes only and does not constitute investment advice. Investing in the stock market involves risks, and prices can fluctuate. Make sure to conduct your own analysis and consult with a professional financial advisor before making any investment decisions.

      11-06 17:44
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  • Changjieming
    ·11-05 19:26
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  • highhand
    ·11-05 20:00
    my gosh . another meme stocks... [Happy]
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  • Olivia Bruce
    ·11-05 19:15

    Post election I think this gap gets filled.

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  • MasterStonker
    ·11-05 23:19
    Should had cashed out at the peak man
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  • MojoStellar
    ·11-05 22:04
    thank you  @MillionaireTiger
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  • TAKYIZAWA
    ·11-05 19:31
    Great article, would you like to share it?
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