10 Stocks That Underperformed Last Week

8. Reddit Inc. (NYSE:RDDT)

Shares of Reddit Inc. fell by 15.26 percent last week, finishing at $166.4 apiece on Friday from its $196.38 price registered on February 14, as investor sentiment was dampened by mixed earnings results, having been plunged to further losses last year.

In full-year 2024, RDDT said net losses expanded by 433 percent to $484.27 million from the $90.82 million registered in 2023, despite revenues growing by 62 percent to $1.3 billion from $804 million.

However, it recorded a 283.7-percent jump in its net income for the fourth quarter last year at $71 million versus $18.5 million in the same period a year earlier. Revenues for the quarter also surged by 71 percent to $427.7 million versus $249.8 million.

Following the figures, analysts at Piper Sandler increased RDDT’s price target by 4.7 percent to $220 from $210 previously while maintaining an overweight rating on the stock following a rebound in its Feed audience from a decline in December last year.