Streetbeat News

RDDT

Reddit, Inc.

https://www.redditinc.com

Industry

Internet Content & Information

Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.

Open

128.79

Mkt cap

22B

Volume

4.6M

High

131.69

P/E Ratio

-40.38

52-wk high

139.04

Low

123.14

Div yield

N/A

52-wk low

37.35

The article discusses the potential investment value of Reddit Inc. (RDDT) based on Wall Street analysts' bullish views. Analyst ratings can significantly impact stock prices, influencing investor decisions.

Portfolio Pulse from

November 13, 2024 | 3:45 pm

Reddit is expected to see significant stock growth due to improved monetization through increased ad load, diverse advertisers, and expanded revenue from translation and data licensing. Despite a premium valuation, a 25% annualized upside is projected through 2026.

Portfolio Pulse from

November 12, 2024 | 5:45 am

Reddit's stock (RDDT) has surged 167% year-to-date, driven by strong user growth, increasing ad revenues, and strategic partnerships. These factors position Reddit for continued success in the digital landscape.

Portfolio Pulse from

November 11, 2024 | 5:15 pm

Michael Seibel, a director at Reddit, Inc. (NYSE: RDDT), has sold a significant portion of his holdings, as reported in an SEC filing.

Portfolio Pulse from

November 10, 2024 | 11:45 am

Carvana Co. (NYSE:CVNA) shares surged over 20% in pre-market trading after reporting better-than-expected Q3 financial results, with revenue and earnings per share surpassing analyst estimates. Other notable pre-market movers include Root, Inc. (NASDAQ:ROOT) and Alphatec Holdings, Inc. (NASDAQ:ATEC), both rising significantly due to strong quarterly results.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 10:52 am

Bernstein analyst Mark Shmulik maintains an Underperform rating on Reddit (NYSE:RDDT) but raises the price target from $65 to $85.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 7:06 pm

Eli Lilly reported worse-than-expected Q3 earnings and lowered its 2024 guidance, impacting its stock negatively. Omnicell and Reddit saw significant stock price increases due to better-than-expected financial results and guidance. Tharimmune's stock surged after positive EMA feedback on its clinical program. Meanwhile, The Container Store, SRIVARU Holding, and Applied DNA Sciences experienced sharp declines due to various financial announcements.

Portfolio Pulse from Avi Kapoor

October 30, 2024 | 7:00 pm

Reddit Inc. (NYSE:RDDT) shares surged after reporting strong Q3 results, exceeding earnings and revenue expectations. The company also provided positive Q4 revenue guidance, leading multiple analysts to raise their price targets.

Portfolio Pulse from Vaishali Prayag

October 30, 2024 | 6:50 pm

Citigroup analyst Ronald Josey maintains a Buy rating on Reddit and raises the price target from $70 to $120.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:44 pm

Loop Capital has maintained a Buy rating on Reddit and increased its price target from $90 to $120, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:20 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.