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

121.57

Mkt cap

23B

Volume

7.6M

High

133.22

P/E Ratio

-43.24

52-wk high

133.22

Low

121.57

Div yield

N/A

52-wk low

37.35

Piper Sandler analyst Thomas Champion initiates coverage on Reddit (NYSE:RDDT) with an Overweight rating and a price target of $50.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:16 am

JMP Securities analyst Andrew Boone initiates coverage on Reddit (NYSE:RDDT) with a Market Outperform rating and a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:39 am

Morgan Stanley analyst Brian Nowak initiates coverage on Reddit (NYSE:RDDT) with an Equal-Weight rating and a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:37 am

Reddit shares are experiencing an increase in their trading value, potentially due to ongoing volatility after its recent Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:21 pm

In Thursday's intraday session, several communication services stocks experienced significant movements. Motorsport Games, Chicken Soup for the Soul, Hanryu Holdings, Paltalk, Reddit, and Kuke Music Holding were among the gainers, with Motorsport Games leading with a 14.4% increase. Conversely, CuriosityStream, 9F, Hello Group, HWH International, Weibo, and Anghami were among the losers, with CuriosityStream experiencing the largest decline at 18.6%.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 4:32 pm

Reddit Inc (NYSE:RDDT) has faced skepticism post-IPO, with concerns about its profitability and 'meme stock' status. Despite not having reported an annual profit since its 2005 inception, its IPO was notable, with shares initially offered at $34. The stock has since dropped, trading at $45.88, below the initial $47 offering price. Analysts from Bernstein and Baird issued 'Underperform' and 'Neutral' ratings, respectively, with concerns over engagement metrics and content, but also noting Reddit's strong user community and potential for growth. The stock has lost over 9.2% since its IPO.

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 1:24 pm

Baird analyst Colin Sebastian initiates coverage on Reddit (NYSE:RDDT) with a Neutral rating and a price target of $50.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 9:41 am

Bernstein analyst Mark Shmulik initiates coverage on Reddit (NYSE:RDDT) with an Underperform rating and a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 8:52 am

Reddit shares are experiencing a decline in value due to ongoing volatility after the company's recent debut on the NYSE.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:13 pm

Reddit shares (symbol: RDDT) are experiencing increased trading activity and volatility after the company's recent debut on the New York Stock Exchange (NYSE).

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:21 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.