Reddit Stock Surges 167% Year to Date: Should You Buy the Stock?
RDDTReddit(RDDT) ZACKS·2024-11-12 01:01

Reddit (RDDT) shares have surged 167.3% in the year-to-date period compared with the broader Zacks Computer & Technology sector’s appreciation of 30%.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.YTD PerformanceImage Source: Zacks Investment Researc ...