Reddit Stock Rockets and Slumps: RDDT’s Wild Ride in 2025
Reddit shares traded around $190 on Oct. 17, down 4.3% for the day and off sharply from a mid-September record near $283. The stock remains up about 244% year-to-date and over 600% since its March 2024 IPO. Q2 revenue jumped 78% to $500 million, with net income at $89 million. Analyst consensus rates the stock a “Moderate Buy,” with a 12-month price target averaging $202.