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Reddit Inc’s stock has surged to an all-time high of 230.49 USD, marking a significant milestone for the company. According to InvestingPro data, the company maintains impressive financial health with a current ratio of 12.0 and holds more cash than debt on its balance sheet. Over the past year, Reddit’s stock has experienced a remarkable increase of 314.58%, reflecting strong investor confidence and robust market performance. The company boasts exceptional gross profit margins of 91% and has achieved revenue growth of nearly 70% in the last twelve months. This unprecedented growth highlights Reddit’s expanding influence and the increasing value placed on its platform by both users and advertisers. The achievement of this all-time high underscores the company’s successful strategies and its potential for continued growth in the tech industry, though current valuations suggest the stock may be overvalued. Discover more insights and 20+ additional ProTips for Reddit stock with an InvestingPro subscription.
In other recent news, Reddit’s second-quarter 2025 earnings report has spurred a series of analyst upgrades on its stock price target. The company reported better-than-expected revenue and third-quarter guidance, with global daily active users growing 21% year-over-year to 110.4 million. Deutsche Bank raised its price target for Reddit to $205, maintaining a Buy rating due to strong performance in advertising formats. Morgan Stanley also increased its target to $230, citing stable U.S. user metrics that outperformed expectations. Meanwhile, BofA Securities adjusted its target to $180, highlighting Reddit’s strong execution and advertiser adoption. Citizens JMP raised its target to $225, noting revenue and EBITDA exceeded guidance by $70 million and $37 million, respectively. Lastly, Goldman Sachs set a new target of $212, acknowledging Reddit’s robust revenue growth and improved user trends. These developments reflect a positive outlook from analysts following Reddit’s latest financial results.
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