RDDT closed up 0.80% at $233.19, extending its 7-day uptrend, driven primarily by positive market sentiment and a broader tech rebound, despite no major company news emerging on December 19.
- The stock continues to benefit from recent positive drivers, including a price target hike by RBC Capital to $250.
- Underlying support is provided by strong fundamentals, including Q3 daily active unique user growth (DAUQ) up 20% year-over-year.
- RDDT traded slightly higher after hours, reaching $233.50 (+0.13%).