Reddit Inc ($RDDT) Stock Forecast: Up 5.8% Today

What is Reddit Inc?

Reddit Inc. (RDDT) is a social media platform known for its user-generated content and discussions on various topics. The company has been experiencing positive growth and user engagement, especially with its AI innovations and advertising strategies.

Why is Reddit Inc going up?

RDDT stock is up 5.8% on Apr 1, 2025 13:36

• RDDT stock experienced a strong bullish movement today.
• The CEO's denial of financial trouble and IPO rumors reassured investors, contributing to the positive sentiment.
• The company's strong AI innovations, enhanced advertising, and increased user engagement have positioned the stock for continued upward momentum.
• The bullish stance taken by investors in the options market further supported the positive outlook for RDDT, indicating confidence in the company's future prospects.

RDDT Price Chart

RDDT Technical Analysis

RDDT News

Perplexity CEO Aravind Srinivas Shuts Down Financial Rumors, Says AI Search Startup Has 'No Plans Of IPOing Before 2028' - Apple ( NASDAQ:AAPL ) , Amazon.com ( NASDAQ:AMZN )

Last week, in a direct response to growing speculation online, Perplexity CEO Aravind Srinivas took to Reddit Inc. RDDT to deny rumors that the AI search company is facing financial trouble or preparing for an imminent IPO.

https://www.benzinga.com/25/03/44557415/perplexity-ceo-aravind-srinivas-shuts-down-financial-rumors-on-reddit-says-ai-search-startup-has-no-plans-of-ipoi

Reddit Surges 85% in a Year: Is the Stock Still Worth Buying?

RDDT benefits from strong AI innovations, enhanced advertising and increased user engagement, positioning the stock for continued upward momentum in 2025.

https://www.zacks.com/stock/news/2435060/reddit-surges-85-in-a-year-is-the-stock-still-worth-buying

What the Options Market Tells Us About Reddit - Reddit ( NYSE:RDDT )

Investors with a lot of money to spend have taken a bullish stance on Reddit RDDT. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/03/44474848/what-the-options-market-tells-us-about-reddit

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Reddit Inc Price History

26.02.2025 - RDDT Stock was down 5.4%

• Despite benefiting from strong AI innovations, enhanced advertising, and increased user engagement, RDDT experienced a significant decline in its stock price.
• The bullish stance taken by investors with a lot of money in the options market did not translate into positive price action for RDDT.
• The overall market rise did not positively impact RDDT, indicating specific factors affecting the stock's performance.
• RDDT's partnership with Google did not prevent the stock from falling, suggesting that other market dynamics or news might have influenced the bearish movement.

05.02.2025 - RDDT Stock was up 5.2%

• The involvement of Reddit co-founder Alexis Ohanian in a bid to acquire TikTok's U.S. operations, emphasizing the use of blockchain technology to empower creators, could have contributed to investor confidence in RDDT.
• The potential collaboration between Reddit and TikTok, both popular social media platforms, might result in increased user participation and revenue opportunities for RDDT.
• The upbeat options trading activity related to RDDT suggests that investors are hopeful about the company's future, potentially influenced by the possibilities associated with the TikTok acquisition and the innovative application of blockchain technology.

14.02.2025 - RDDT Stock was up 7.1%

• Despite positive views on Reddit Inc. (RDDT), the options trading market sentiment showed a significant bearish move with 48% of traders displaying bearish tendencies.
• The discrepancy between optimism and the bearish sentiment in options trading could indicate a potential disconnect between professional analysts and retail investors.
• The conflicting signals from different market indicators may suggest that investors should exercise caution and conduct thorough research before deciding whether to invest in Reddit Inc. (RDDT).

07.02.2025 - RDDT Stock was down 17.5%

• Strong bearish movement in RDDT stock prices.
• Significant interest from smart investors in bearish RDDT options.
• Possible impact of Alexis Ohanian's involvement in a TikTok bid, shifting focus and investments away from RDDT.
• Ohanian's emphasis on utilizing blockchain technology in empowering content creators possibly attracting investors towards tech industry potential.
• Participation of prominent figures in TikTok bid like MrBeast and Jesse Tinsley potentially overshadowing RDDT's performance and contributing to the bearish market trend.

18.02.2025 - RDDT Stock was down 8.1%

• Despite positive outlook on Reddit RDDT, the stock faced significant downward movement today.
• The increase in Reddit shares post Google's extended partnership sparked some optimism initially but was dampened by Redburn Atlantic's Sell rating citing risks associated with reliance on Google Search traffic.
• The optimistic options activity did not align with the market's response, highlighting a disparity between sentiment and actual performance.
• Differing opinions on Wall Street's positive recommendations raise questions about their reliability in predicting stock movements, creating uncertainty among investors about Reddit Inc.'s future prospects.

18.02.2025 - RDDT Stock was down 5.7%

• The late surge in Reddit shares could be attributed to Google expanding its partnership with Reddit, sparking investor interest. However, this was overshadowed by Redburn Atlantic's Sell rating emphasizing risks associated with dependence on Google Search traffic.
• Unusual options activity on Reddit, with a higher percentage of bullish trades, initially led to investor optimism. Nevertheless, the overall sentiment turned bearish, resulting in the stock's decline.
• Despite Wall Street's positive views on Reddit Inc., conflicting reports and uncertainties about the company's reliance on Google and the mixed options trading activity could have influenced the bearish movement in the stock today.

10.02.2025 - RDDT Stock was down 8.7%

• The bearish market movement of RDDT could be attributed to the notable increase in bearish sentiment among traders, as indicated by the analysis of options history.
• The news about Reddit co-founder Alexis Ohanian joining a bid to acquire TikTok and bring it 'on chain' might have diverted attention and resources away from RDDT, impacting its stock performance negatively.
• The involvement of prominent figures like Ohanian in the TikTok bid could have created uncertainty and speculation among investors, leading to a shift in focus away from RDDT and contributing to its bearish movement.
• The competition from other high-profile individuals and groups vying for TikTok's U.S. operations could have added further pressure on RDDT's performance, overshadowing its market presence and contributing to the bearish trend.

01.03.2025 - RDDT Stock was up 5.8%

• RDDT stock experienced a strong bullish movement today.
• The CEO's denial of financial trouble and IPO rumors reassured investors, contributing to the positive sentiment.
• The company's strong AI innovations, enhanced advertising, and increased user engagement have positioned the stock for continued upward momentum.
• The bullish stance taken by investors in the options market further supported the positive outlook for RDDT, indicating confidence in the company's future prospects.

04.02.2025 - RDDT Stock was down 11.8%

• A bearish movement was observed in RDDT today, possibly due to overall market sentiment and profit-taking by investors following a recent surge in the stock price.
• The bid involving Alexis Ohanian to acquire TikTok's U.S. operations may have shifted focus away from Reddit's growth prospects, prompting a sell-off.
• Despite the stock's decline, there has been an increase in call options, indicating some investors remain hopeful about a potential rebound in Reddit's stock price. This optimism could be fueled by interest from hedge funds in the company's international expansion and adtech innovations.

03.02.2025 - RDDT Stock was up 5.2%

• The bullish movement in RDDT stock today may be linked to substantial investment interest in the company, showcased in public options records.
• Despite a recent decline in the stock price, a significant increase in call options by 575% indicates optimistic wagers on a potential recovery, with hedge funds boosting their positions focusing on global expansion and advertising technology advancements.
• The positive projections from analysts on Wall Street, with an average brokerage recommendation suggesting a Buy, likely also contributed to the positive sentiment surrounding RDDT stock.
• Altogether, the combination of increased bullish options trading, hedge fund activity, and favorable analyst forecasts could have driven the strong bullish movement in RDDT stock today.

17.02.2025 - RDDT Stock was up 7.5%

• Bullish options activity from financial giants may have influenced RDDT's upward trend.
• Favorable brokerage recommendations could have boosted investor confidence and interest in RDDT.
• The convergence of increased bullish options trading and positive sentiments from Wall Street analysts likely propelled RDDT's strong bullish performance today.

21.02.2025 - RDDT Stock was up 5.3%

• RDDT's stock saw a surge, driven by an enhanced partnership with Google, which instilled confidence in investors.
• Technical analysis suggested an oversold status and potential trend reversal. Analysts' positive revisions of earnings estimates further supported the stock's upward movement.
• Noteworthy options trading activity revealed a bullish sentiment among the majority of traders, contributing to the stock's momentum.
• The confluence of optimistic news and bullish investor sentiment led to RDDT's strong bullish performance in the market today.