Upside Potiential for Reddit
$Reddit (RDDT.US)$ is a good choice if you searching for potiential small/middle cap stock to diversify your portfolio.
Since IPO in last March, Reddit is working hard to expand its Ads business in many ways. Strong revenue growth is expected for upcoming quarters.
Most analysts give buy rating since June and their target price is above 70.
I bought the stock when price fall back to 30MA on daily chart in last June. Right now the stock is trending higher inside ascending channel.
Since IPO in last March, Reddit is working hard to expand its Ads business in many ways. Strong revenue growth is expected for upcoming quarters.
Most analysts give buy rating since June and their target price is above 70.
I bought the stock when price fall back to 30MA on daily chart in last June. Right now the stock is trending higher inside ascending channel.
The future of $Reddit (RDDT.US)$ is compelling if compared to $GameStop (GME.US)$ (Declining revenue) or $Trump Media & Technology (DJT.US)$ (Little growth).
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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