Reddit share forms cup base, Chris Perruna predicts

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Anastasiia Chabaniuk

02.05.2026

Reddit share forms cup base, Chris Perruna predicts — Reddit stock eyes $200 to $250 move

Chris Perruna, senior vice president at Self-employed, points to Reddit (RDDT) trading at $166.48 and forming a deep cup-shaped base.

Perruna highlights the stock's strong fundamentals and sets a price target of $200 to $250 over time.

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Perruna previously cautioned that averaging down positions can lead to costly value traps for investors. He has also commented on large-cap growth stocks, noting that Alphabet’s rebound to near all-time highs was accompanied by underwhelming trading volume. His recent focus on Reddit follows a series of observations on trading strategies and stock fundamentals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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