Jim Cramer on Reddit Inc. (RDDT) CEO Steve Huffman: ‘I Say Keep Up The Good Work, Spez – You're Going Higher' [Yahoo! Finance]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Yahoo! Finance
On a recent episode of Mad Money, Jim Cramer reflects on Wall Street's favorite GPU maker's remarkable journey and current status in the stock market. After the sharp decline three weeks ago, caused by the sudden sell-off linked to the yen carry trade, the market is rebounding. "We've had a remarkable run from the lows three weeks ago as we realized that the forced selling caused by the implosion of the yen carry trade is merely temporary." Cramer notes that the Federal Reserve's upcoming rate cuts should support this recovery. However, Wall Street has become more selective, and investors are less forgiving of mediocre results now that the market has rallied significantly. "Now the Fed is our friend again with rate cuts on the way, starting at next month's Federal Open Market Committee meeting. At the same time, though, after such a spectacular rally, Wall Street's gotten a little more discerning. Investors are no longer willing to give companies a pass for less-than-stellar re
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RDDT
News
- Reddit, Inc. (NYSE: RDDT) is now covered by analysts at B. Riley. They set a "buy" rating and a $75.00 price target on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $75.00 price target on the stock.MarketBeat
- Reddit to Participate in Goldman Sachs Communacopia + Technology ConferenceBusiness Wire
- Reddit, Inc. (NYSE: RDDT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $75.00 price target on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Bank of America Co. from $57.00 to $60.00. They now have a "neutral" rating on the stock.MarketBeat
RDDT
Earnings
- 8/6/24 - Beat
RDDT
Sec Filings
- 9/20/24 - Form 4
- 9/19/24 - Form 144
- 9/18/24 - Form 4
- RDDT's page on the SEC website