Reddit has experienced a remarkable surge in its stock price, climbing between 22% to 25% after the company announced its first-ever profitable quarter. Following its third quarter earnings report, which highlighted a 68% increase in revenue to $384.4 million, investor optimism soared. The platform now boasts nearly 100 million daily users and attributed its successful performance largely to robust engagement and strategic AI licensing deals. Analysts revised their price targets upward amidst positive forecasts for revenue growth in the upcoming holiday quarter. As Reddit continues to innovate and expand its advertising business, it remains a stock to watch.