Will Reddit Be a Trillion-Dollar Stock by 2050?
Reddit (NYSE: RDDT) has been a volatile stock since its public debut. The social media company listed its shares at $34 on March 21, and they started trading at $47 before rallying to a record high of $74.90 just five days later.
Reddit's stock subsequently pulled back to the mid-$40s, but a strong first-quarter report and a new partnership with OpenAI catapulted its stock back to the low $60s. Reddit is now worth $9.6 billion, but it's still a lot smaller than other social media companies like Meta Platforms, Pinterest, and .
So, looking into the distant future, could Reddit eventually grow more than 100 times larger and become a trillion-dollar company?
Source Fool.com
Snap Inc Stock
€15.60
0.750%
Our community is currently high on Snap Inc with 11 Buy predictions and 5 Sell predictions.
However, we have a potential of -10.27% for Snap Inc as the target price of 14 € is below the current price of 15.6 €.
