Reddit Stock Surges 167% Year to Date: Should You Buy the Stock? [Yahoo! Finance]
Sprinklr, Inc. Class A (CXM)
Company Research
Source: Yahoo! Finance
RDDT shares have also outperformed the Zacks Internet Software industry and its peer Snap SNAP over the same time frame. While Snap shares have plummeted 29% year to date, the industry has appreciated 29.8%. Reddit's robust stock price performance has been driven by its impressive third-quarter 2024 results. Image Source: Zacks Investment Research Reddit's total revenues grew 68% year over year to $348.4 million. This was driven primarily by a 56% year-over-year increase in advertising revenues, which accounted for $315.1 million. Increased ad impressions, more efficient ad load, and the expansion of conversation placement ads contributed to this growth. The increase in ad impressions and the expansion of conversation placement ads helped drive engagement, as evidenced by a 40% year-over-year increase in conversation pageviews. In the third quarter of 2024, Reddit enhanced its ad products, including conversation ads and tools like auto bidding and CAPI (Conversions API),
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CXM
News
- Sprinklr, Inc. (NYSE: CXM) was upgraded by analysts at Scotiabank to a "hold" rating.MarketBeat
- Sprinklr, Inc. (NYSE: CXM) is now covered by analysts at Scotiabank. They set a "sector perform" rating and a $7.70 price target on the stock.MarketBeat
- Aggie Makes Social Media Not Suck [Yahoo! Finance]Yahoo! Finance
- We Like These Underlying Return On Capital Trends At Sprinklr (NYSE:CXM) [Yahoo! Finance]Yahoo! Finance
- Sprinklr Announces Date of Third Quarter Financial ResultsBusiness Wire
CXM
Earnings
- 9/4/24 - Beat
CXM
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- CXM's page on the SEC website