Get all your news in one place.
100's of premium titles.
One app.
Start reading
MarketBeat
MarketBeat
Gabriel Osorio-Mazilli

Reddit Stock Dominated 2024—Why the Rally Isn’t Over Yet

However, the technology sector is not limited to artificial intelligence. Even though its attention has been focused on these trends, there is an underrated name that has absolutely dominated the industry and is actually just as exposed to artificial intelligence as all these other names. Shares of Reddit Inc. (NYSE: RDDT) have gone on a massive 194.3% rally over the past 12 months alone, but there is enough evidence to safely assume that the stock’s run isn’t over yet.

After looking at the company’s key performance indicators (KPIs), investors can see from the beginning how this stock, despite its aggressive rally over the year, still could have a long way to go until its future growth is priced today. It shouldn’t come as a surprise to see Wall Street analysts also be willing to express their bullish views on the stock recently.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.