Reddit Inc. (RDDT) shares surged 9.2% in Friday's trading session, outperforming the broader market as the social media company continued its strong momentum from 2024 amid a tech sector rally.
The stock's sharp intraday rise came on the heels of a 1.5% gain on Thursday, with Reddit shares climbing alongside other major tech and social media giants like Meta Platforms, Pinterest, and Snap. The move higher was fueled by optimism that Reddit could see continued user growth in 2025 if it successfully improves its search functionality, a key theme highlighted by analysts.
In a client note previewing 2025, Piper Sandler analyst Thomas Champion said Reddit's efforts to make its vast collection of user forums more easily searchable could be a significant driver for the company this year. "2025 could be the year for Reddit to improve its search functionality, enhancing the user experience and driving growth," Champion wrote, adding that better search capabilities "may keep daily active user growth higher for longer and improve engagement."
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。