Is Reddit Stock Still a Buy After Surging 134% Over the Past 6 Months?

Reddit (RDDT) shares have surged 134% in the trailing six-month period, outperforming the broader Zacks Computer & Technology sector’s return of 0.4% and the Zacks Internet - Software industry’s rise of 12.9%.The company has outperformed its peer, Meta Platforms (META) , which is also expanding into advertising to compete in the content and communication services market. META has returned 21.4% over the same time frame.The outperformance can be attributed to RDDT’s strong user growth, improved advertising p ...