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

Roth MKM analyst Rohit Kulkarni has maintained a Buy rating on Reddit and increased the price target from $66 to $89, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 3:44 pm

Jefferies analyst John Colantuoni maintains a Buy rating on Reddit (NYSE:RDDT) and raises the price target from $90 to $100.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:46 pm

B. Riley Securities has maintained a Buy rating on Reddit and raised its price target from $75 to $87, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 5:28 pm

Meta Platforms Inc. (NASDAQ:META) is facing lawsuits from over 30 U.S. states accusing it of contributing to mental health issues among teenagers by making its platforms addictive. A U.S. judge rejected Meta's attempt to dismiss these claims, allowing the lawsuits to proceed. Similar motions from YouTube (Alphabet Inc.), Snapchat (Snap Inc.), and TikTok were also rejected.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 3:14 am

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

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