RDDT Stock Recent News

Many technology stocks enjoyed impressive gains in the last year or so. Two such stocks are Palantir Technologies (PLTR 6.43%) and Reddit (RDDT 8.03%).

When saving for retirement, small investors often buy stocks in the hope of reaching and surpassing the coveted $1 million milestone. While investors have likely reached a time when retiring with only $1 million is not enough, it is a sum that can at least help fund a retiree's activities after their working years end.

For many businesses, advertising is absolutely essential to attracting new customers and growing. However, advertising can also be a massive expense.

In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $109.91, denoting a -0.17% change from the preceding trading day.

Reddit Inc. (RDDT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

The online forum's pseudonymity lets them vent, share information and find solace. Unpaid moderators, like David Carson, are working overtime to keep up.

Reddit (NYSE:RDDT) shares pulled back more than 13% after Redburn Atlantic analysts initiated coverage on the stock with a ‘Sell' rating. The analysts awarded the stock a $75 price target, implying downside of about 41% from Reddit's previous closing price.

Meta Platforms (META) has stalled in its massive run higher over the last three years. @LikeFolio's Landon Swan attributes the stock stumble to its advertising space getting challenged by competitors like Reddit (RDDT) alongside overall market weakness.

Shares of Reddit (RDDT -12.35%) are tumbling on Monday. The stock lost 12.3% as of 1:25 p.m.

Reddit's growth is vulnerable to the whims of search giant Google, according to Redburn Atlantic, which has slapped a sell rating on the stock.