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Where Will Reddit Stock Be in 5 Years?

TheMotleyFool

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Where Will Reddit Stock Be in 5 Years?: https://g.foolcdn.com/editorial/images/771936/woman-laptop.jpg

Reddit (NYSE: RDDT) went public on March 21 at $34 a share. The social media company's stock opened at $47 and closed at a record high of $74.90 just five days later, but subsequently pulled back to about $46.

Its stock could stay volatile over the next few months, but let's take a longer view and see where it might head over the next five years.

In 2023, Reddit's revenue rose 21% to $804 million as it narrowed its net loss from $159 million to $91 million. It also narrowed its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss from negative $109 million to $69 million.

Source Fool.com

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