FMP
Reddit, Inc.
RDDT
NYSE
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.
96.9 USD
-12.6 (-13%)
Historical Prices
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About
ceo
Mr. Steven Ladd Huffman
sector
Communication Services
industry
Internet Content & Information
website
https://www.redditinc.comexchange
NYSE
Description
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.
CIK
0001713445
ISIN
US75734B1008
CUSIP
75734B100
Address
303 2nd Street
Phone
(415) 494-8016
Country
US
Employee
2,233
IPO Date
Mar 21, 2024
Financial Statement
Earnings
RDDT Financial Summary
CIK
0001713445
Exchange
NYSE
Industry
Internet Content & I...
Sector
Communication Servic...
CUSIP
75734B100
ISIN
US75734B1008
Country
US
Price
96.9
Beta
2.98
Volume Avg.
7.41M
Market Cap
17.53B
Shares
-
52-Week
37.35-230.41
DCF
-39.21
ROE
-
ROA
-
Operating Margin
-
Debt/Equity
-
P/E
-29.1
P/B
-
Website
https://www.redditinc.com
Upgrades and Downgrades
Rating Distribution
TheFly
6 days ago
Mar 28, 2025
Outperform
Outperform
TheFly
23 days ago
Mar 11, 2025
Buy
Buy
Financial Information
Financial Summary Real-Time Price
Financial Statements
Financial Quarter Statements
Ratios Analysis
Dupont Analysis
Free Cashflow
Operating Data
Balance Sheet Data
Financial Modelling
Discounted Cashflow Model
Discounted Cashflow Model Levered
Free Cashflow Build-Up
Terminal Value
Intrinsic Value
Weighted Average Cost of Capital
Market Information
Stock Value
Latest RDDT News
Davit Kirakosyan
Mar 21, 2025
Needham Reaffirms Buy on Reddit, Sees Upside Despite 40% Pul...
Reddit (NYSE:RDDT) received a reaffirmed Buy rating and $220 price target from Needham analysts, even as the stock has fallen around 40% since its February 12 earnings report. In a recent update, Needham shared a detailed look at shifting investor sentiment throughout Q1 2025, comparing it to previous quarters. The analysts noted a clear evolution in investor concerns and optimism, with little repetition of issues between quarters, signaling a fast-changing perception of the company. Despite the...
Danny Green
Feb 13, 2025
Reddit Inc (NYSE:RDDT) Price Target and Earnings Highlights
On February 13, 2025, Laura Martin from Needham set a price target of $220 for Reddit Inc (NYSE:RDDT). At that time, the stock was priced at $199.60, indicating a potential increase of about 10.22%. This announcement, highlighted by Benzinga, came after Reddit analysts raised their forecasts due to strong earnings. Reddit's fourth-quarter results exceeded expectations, with revenue reaching $427.71 million, surpassing the $405.26 million consensus. Earnings per share were 36 cents, beating the ...
Rayan Ahmad
Feb 12, 2025
Reddit, Inc. (Symbol: RDDT) Sees Positive Shift in Target Pr...
Reddit, Inc. (Symbol: RDDT) is a digital platform that connects users through communities based on shared interests. Founded in 2005 and headquartered in San Francisco, it operates under Advance Publications, Inc. Reddit allows users to engage in discussions and share content, making it a unique social media platform. It competes with other social media giants like Facebook and Twitter. The recent trends in Reddit's target price show a positive shift. The average target price has increased to $...
Andrew Wynn
Jan 21, 2025
Raymond James Maintains "Strong Buy" Rating for Reddit, Inc....
On January 21, 2025, Raymond James maintained its "Strong Buy" rating for Reddit, Inc. (NYSE: RDDT), with the action being hold. At that time, the stock price was $172.32. Raymond James also raised the price target for Reddit from $150 to $200, as highlighted by TheFly. This indicates strong confidence in Reddit's future performance. Reddit, Inc. is set to release its fourth quarter and full year 2024 financial results on February 12, 2025, after the market closes. The company will host a confe...
Davit Kirakosyan
Jan 14, 2025
Reddit Price Target Raised to $197 Amid Strong User Growth a...
Piper Sandler analysts raised their price target on Reddit (NYSE:RDDT) to $197 from $150, maintaining an Overweight rating on the stock. The revision reflects the platform’s promising growth trajectory, underpinned by increasing user engagement and monetization opportunities. Recent data from Reddit’s Ads Manager indicates steady month-over-month growth in user numbers and stable to slightly declining cost-per-click metrics. This suggests a healthy expansion in user base and advertising inventor...
Davit Kirakosyan
Dec 20, 2024
Reddit's Rising Momentum Sparks Price Target Boost to $200 a...
Citi analysts raised Reddit (NYSE:RDDT) price target to $200, up from $120, while maintaining a Buy rating, citing strong advertiser interest, increasing user engagement, and promising new product launches. Reddit’s continued growth in user activity and its expanding suite of tools for advertisers are driving optimism about its long-term potential. The platform has seen notable engagement growth, bolstered by heightened awareness and the introduction of new features such as Reddit Answers. These...
Alex Lavoie
Oct 30, 2024
Reddit, Inc. (NYSE:RDDT) Surges After Strong Q3 Performance
Reddit, Inc. (NYSE:RDDT) is a prominent social media platform known for its diverse user-generated content and community-driven discussions. Despite being smaller than giants like Facebook and Twitter, Reddit has carved out a niche with its unique format and engaged user base. The company has recently caught Wall Street's attention, especially after its strong third-quarter performance. On October 30, 2024, Laura Martin from Needham set a price target of $120 for RDDT. At that time, the stock w...
Davit Kirakosyan
Oct 29, 2024
Reddit Shares Surge 24% After Strong Q3 Results and Upbeat Q...
Reddit (NYSE:RDDT) saw its shares soar over 24% in after-hours trading after the social media platform reported impressive third-quarter results and provided optimistic guidance for the fourth quarter. For Q3, Reddit posted adjusted earnings per share of $0.16, far surpassing Street expectations of a $0.23 loss. Revenue climbed 68% year-over-year to $348.4 million, exceeding the prior-year figure of $312.8 million. Daily active users also surged, with DAUs up 47% year-over-year to 97.2 million. ...
