Should You Hold on to RDDT Stock Despite Its 15% Dip in Three Months?
Yahoo Finance ·
RDDT's expanding portfolio and rising user engagement are expected to drive the company's top-line growth. For the third quarter of 2026, management expects revenues between $860 million and $870 million, representing 47% to 49% year-over-year growth. The midpoint implies about 48% year-over-year growth. The Zacks Consensus Estimate for third-quarter revenues is pegged at $886.87 million, indicating year-over-year growth of 51.62%. For the third quarter, the consensus mark for earnings is pegged at $1.33 per share, which has increased 2.3% over the past 30 days. This implies year-over-year growth of 66.25%. Reddit Inc. price-consensus-chart | Reddit Inc. Quote Reddit stock is currently trading at a premium, as suggested by the Value Score of D. In terms of the forward 12-month Price/Sales ratio, RDDT is trading at 6.75X, higher than the broader Zacks Computer & Technology sector's 6.12X, Pinterest's 2.24X, Meta Platforms' 5.1X and Snap's 1.25X. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Reddit Inc. (RDDT) : Free Stock Analysis Report Snap Inc. (SNAP) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
DYAX Investor Sentiment
Bullish (Long) 34% · Bearish (Short) 66%
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