On September 10, Reddit rose 5.28% in regular trading, trading at $153.52/share, with turnover of $171 million.

On the news front, Reddit CEO recently stated that expanding user scale — particularly improving new user retention — will be the company's strategic priority over the next 12 to 18 months. The executive emphasized that this is not merely about accumulating numbers but about ensuring the long-term health and vitality of the platform's ecosystem, converting new visitors into deeply engaged core users.

The announcement comes amid a strong fundamental backdrop. Reddit reported Q2 total revenue of $805 million, with advertising revenue reaching $762 million, up 64% year-over-year, marking the eighth consecutive quarter of over 60% revenue growth. Net income attributable to the parent company surged 183% to $253 million. The company was formally added to the S&P 500 index on August 18, which continues to drive institutional allocation demand.

Wall Street maintains a broadly positive outlook. Morgan Stanley holds an Overweight rating with a $210 price target, while Raymond James raised its target to $205.

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