On September 15, Reddit rose 5.09% in regular trading, trading at approximately $165.96 per share, with turnover of $4.35 billion.

The rally was driven by encouraging user growth metrics disclosed by Piper Sandler, which showed Reddit's average user count in August grew 8% month-over-month, marking the strongest single-month gain of the year. Total audience year-over-year growth accelerated from 12.8% in July to 18%, with international users surging 29.3%. Meanwhile, Reddit's CEO recently reaffirmed that expanding user scale and improving new user retention will be the company's strategic priority over the next 12 to 18 months. Last quarter, the platform added 1 billion new posts and comments, accounting for roughly 4% of the total content library, underscoring sustained community engagement.

For broader context, Reddit was formally added to the S&P 500 index on August 18, which initially triggered a sharp rally before subsequent pullbacks. Morgan Stanley maintains an Overweight rating with a $210 target, while Raymond James recently raised its target to $205.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)