Reddit Inc. (RDDT) Gains As Market Dips: What You Should Know

Reddit Inc. (RDDT) closed at $162.38, up 2.92% in the latest session, outperforming the S&P 500. The stock has declined 11.41% over the past month. Analysts expect strong earnings growth with projected EPS of $1.33 (up 66.25% YoY) and quarterly revenue of $886.87 million (up 51.62% YoY). Reddit holds a Zacks Rank #3 (Hold) with a Forward P/E of 29.92, trading at a premium to its industry average.