Reddit joined the S&P 500 index on August 18, 2026, replacing AvalonBay Communities, which may increase demand for its shares from index-tracking funds. Morgan Stanley maintained an Overweight rating on Reddit but lowered its price target from $240 to $210. Reddit reported strong Q2 2026 results with revenue up 61.1% year-over-year to $804.9 million and diluted earnings per share of $1.25, supported by robust advertising growth. Despite volatility in 2026, Morgan Stanley remains positive on Reddit's long-term prospects, focusing on advertising sustainability and AI opportunities.
Reddit's stock has fallen 28% year-to-date despite reporting over 60% revenue growth and expanding margins, driven by concerns over choppy Google search referrals and uncertainty around data licensing. Analysts remain bullish, with an average price t...
Reddit announced it will no longer report logged-in and logged-out user metrics starting Q3 2026, a move seen as hiding weakening user engagement after only 7% logged-in user growth in Q2. While Reddit's revenue surged 61.1% year-over-year to $804.9 ...
Snap shares fell 3% after a federal appeals court rejected Section 230 immunity, exposing social media platforms to lawsuits over user content. The ruling allows over 3,000 lawsuits claiming Snapchat targeted minors with addictive features to proceed...
