Up Over 260% in the Past Year, Is It Too Late to Buy Reddit Stock?

Reddit (NYSE: RDDT) is one of the most visited websites in the world. And its focused subreddits can make it incredibly easy for advertisers to target specific types of users, without having to track them via cookies. If someone's on a particular subreddit, that's a good indicator that they are interested in that particular topic.The monetization opportunities are massive for Reddit and the company has been producing some fantastic growth. In return, investors have rewarded it with a skyrocketing valuation. In just the past 12 months, Reddit's stock has soared by more than 260% (returns as of Sept. 29), propelling it to a market cap of $45 billion.But has it risen too fast too quickly and is it too late to invest in Reddit? Or can this still make for a great growth stock to add to your portfolio today?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool