Reddit Stock: A Deep Dive Into Analyst Perspectives (27 Ratings)
Portfolio Pulse from Benzinga Insights
27 analysts have shared their evaluations of Reddit (NYSE:RDDT) over the past three months, with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $55.93, up 2.85% from the previous target. Analysts have recently raised their price targets, reflecting positive sentiment towards Reddit's financial performance, including a 48.38% revenue growth rate as of March 31, 2024.
June 18, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts have mixed views on Reddit (NYSE:RDDT) with a recent increase in the average 12-month price target to $55.93. The company's strong revenue growth of 48.38% as of March 31, 2024, has contributed to positive sentiment.
The increase in the average 12-month price target and the positive revenue growth rate indicate a favorable short-term outlook for Reddit. Analysts' recent actions, including raising price targets, suggest confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100