The report adds to a long-running debate about Reddit stock, which has soared more than 500% from its IPO price in March 2024. A fast-growing advertising business and strong user growth have powered that surge. Reddit Stock's SlideReddit stock is down more than 9% at 209.10 on the stock market today. Meanwhile, Reddit's Relative Strength Rating remains a strong 97 out of a best-possible 99, showing its outperformance over the past 12 months. Reddit stock has an IBD Composite Rating of 94, according to IBD Stock Checkup.