3 Reasons to Buy Reddit Stock Like There's No Tomorrow
Reddit (NYSE: RDDT) is known as a hot spot for crowdsourced discussions, which can sometimes include questionable content. That reputation as the "Wild West of the internet" has extended to its volatile stock price. At the time of writing, shares of Reddit surged 126% since its 2024 initial public offering yet are down about 50% from their 52-week high.This recent weakness could offer investors a buy-the-dip opportunity following a fantastic quarterly earnings update from the social media innovator.Here are three reasons I believe Reddit stock is a buy right now.Continue reading
Reddit (NYSE: RDDT) is known as a hot spot for crowdsourced discussions, which can sometimes include questionable content. That reputation as the "Wild West of the internet" has extended to its volatile stock price. At the time of writing, shares of Reddit surged 126% since its 2024 initial public offering yet are down about 50% from their 52-week high.
This recent weakness could offer investors a buy-the-dip opportunity following a fantastic quarterly earnings update from the social media innovator.
Here are three reasons I believe Reddit stock is a buy right now.
