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Nauman Khan

Reddit Finally Gets a Breakout Catalyst. This Could Be Turning Point for the Beaten-Down Stock.

Reddit United States Piper Sandler Google

Reddit (RDDT) stock finally gave investors something to cheer about. Shares jumped about 6% on Sept. 10 after Piper Sandler data showed Reddit’s user base grew 8% month over month in August. That marked the company’s strongest monthly gain of 2026 and a sharp reversal from the roughly 2% decline in July.

The move also snapped a four-session losing streak. But there’s still a major problem. Reddit shares remain down 30% in 2026 and down roughly 38% over the past year. The big question now is whether August marked the beginning of a real turnaround or just another short-lived bounce. Let's take a closer look.

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