RDDT Stock Summary and Trading Ideas (Reddit Class A | NYSE:RDDT)

Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as "subreddits." The platform's unique community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines. Reddit generates revenue primarily through advertising and data licensing agreements.

Reddit Class A trades on the NYSE stock market under the symbol RDDT.

As of April 29, 2026, RDDT stock price declined to $147.75 with 3,107,874 million shares trading.

RDDT has a beta of 2.26, meaning it tends to be more sensitive to market movements. RDDT has a correlation of 0.19 to the broad based SPY ETF.

RDDT has a market cap of $28.43 billion. This is considered a Large Cap stock.

Last quarter Reddit Class A reported $726 million in Revenue and $1.24 earnings per share. This beat revenue expectation by $58 million and exceeded earnings estimates by $.30.

The top ETF exchange traded funds that RDDT belongs to (by Net Assets): VTI, VO, VUG, VXF, IWP.

RDDT has underperformed the market in the last year with a price return of +21.9% while the SPY ETF gained +30.5%. RDDT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.5% and -4.4%, respectively, while the SPY returned +2.6% and +2.5%, respectively.

RDDT support price is $141.32 and resistance is $154.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDDT shares will trade within this expected range on the day.