Reddit’s Stock Dip Hides Strong Growth | Raleigh News

Jim Cramer’s calling Reddit a “such a buy” despite its stock dropping 30% this year — and here’s why: the platform’s crushing financials show 60%+ revenue growth for eight straight quarters, with Q2 earnings smashing records, hitting $805M in revenue and crossing half a billion weekly active users. While U.S. daily active users dipped (possibly due to AI search competition), CEO says focus on loyal, engaged users is the right long-term play. Analysts remain bullish, with strong buy ratings and price targets suggesting major upside. Plus, Reddit just bought back shares — a sign management thinks the stock is undervalued. Watch for next report Oct 29, but the big picture? Reddit might be a solid bet.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.

Advertise on DNN:
[email protected]

This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].

View sources & latest updates:
https://sources.thednn.ai/5f40ffb4349f95fb