"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution.
While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
Loop Capital analyst Alan Gould estimates that Reddit's revenue and earnings before interest, taxes, depreciation, and amortization will grow 36% and 87%, respectively, in 2025.
Markets bounced back in early afternoon trading Tuesday as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire, an agreement that could be extended if both sides comply.
Shares of online community and discussion platform Reddit (NYSERDDT) jumped 12.3% in the morning session after Loop Capital analysts provided bullish projections following the stock's recent declines. The analysts said Reddit had "the biggest upside potential relative to Street estimates in our coverage universe." As a result, the analysts reiterated a Buy rating and raised their price target from $180 to $210. The new price target implied more than a 78% upside from where shares traded before the revised rating.
Trump criticizes UK for Apple encryption demand, Melania advocates for online safety, Tim Cook teases new product, Honor invests in AI, Google disables extensions for Chrome users.
Among the news tools announced by Reddit is post-insights that will now give feedback to users with views, upvotes, shares, etc, for their posts to improve their future posts.
Reddit cofounder Alexis Ohanian has invested in Doji, an AI-powered fashion app that lets users create virtual avatars to try on designer clothing, sparking major buzz among tech insiders and investors.
