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Company Overview: Reddit, Inc. (NYSE: RDDT) operates a social platform, Reddit. Reddit is a community of communities. It is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belongings.
As per our previous Kalkine’s American Technology Report published on ‘RDDT’ on 27th May 2025, Kalkine provided a ‘Buy’ stance on the stock at USD 102.32, based on “Reddit Inc.’s impressive Q1 2025 diluted EPS of USD 0.13, reflecting a significant improvement from a USD 8.19 loss in Q1 2024, its global market expansion with international ad revenue growing 83% year-over-year, the launch of innovative features like Reddit Answers reaching 1 million weekly users, a robust user engagement with 108.1 million daily active uniques as of March 31, 2025, and a USD 127.6 million operating cash flow”, giving a return of 10.90%, attaining resistance 1 and closing towards resistance 2.
Current Macro and company specific rationales:
Noted below are the details of support and resistance levels provided in our previous report:
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