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

Goldman Sachs analyst Eric Sheridan maintains a Neutral rating on Reddit (NYSE:RDDT) but raises the price target from $60 to $68.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:26 pm

Raymond James analyst Josh Beck has maintained a Strong Buy rating on Reddit (NYSE:RDDT) and increased the price target from $70 to $80.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:52 pm

Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended several stocks, including Reddit, Accenture, and Nvidia, while advising caution on others like Cava and GE Healthcare. He expressed positive sentiment towards GlaxoSmithKline and Cadence Design Systems.

Portfolio Pulse from Avi Kapoor

October 10, 2024 | 12:45 pm

The White House has launched an official Reddit account to share critical information, including updates on Hurricane Helene and Hurricane Milton. This move highlights Reddit's growing role as a source of information, with the platform also being used for AI training and election campaigns. Reddit's stock has seen significant growth, up 42% year-to-date.

Portfolio Pulse from Chris Katje

October 09, 2024 | 8:54 pm

Chinese stocks are experiencing a downturn, while Needham has raised estimates on Reddit. Additionally, oil prices are pulling back further.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:52 pm

Jefferies has initiated coverage on Reddit with a Buy rating and set a price target of $90, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:01 pm

Over the past three months, 21 analysts have evaluated Reddit (NYSE:RDDT), showing a range of opinions from bullish to bearish. The average 12-month price target has increased by 8.78% to $72.62. Reddit has shown strong revenue growth and financial performance, with a notable net margin and return on equity.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 1:00 pm

Reddit's stock is trading higher following Needham's decision to maintain a Buy rating and increase the price target from $75 to $85, along with raised profit estimates for FY24-FY26.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:55 pm

Top Wall Street analysts have updated their price targets for several companies, including Netflix, Reddit, Cytokinetics, Sage Therapeutics, Shopify, The Home Depot, Ciena, S&P Global, Blue Owl Capital, and Genpact. Notably, Netflix's price target was raised to $650 by Deutsche Bank, while The Home Depot received an upgrade to Buy from Loop Capital.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 12:09 pm

Needham analyst Laura Martin has maintained a Buy rating on Reddit (NYSE:RDDT) and raised the price target from $75 to $85.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 9:46 am

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