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.
92.29 USD
5.38 (5.83%)
Latest RDDT News
Davit Kirakosyan
Mar 21, 2025
Needham Reaffirms Buy on Reddit, Sees Upside Despite 40% Pullback
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 Price Amid Revenue Growth
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. (NYSE: RDDT)
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 and Monetization Potential
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 at Citi
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 Q4 Guidance
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. ...
Davit Kirakosyan
Sep 20, 2024
B.Riley Initiates Buy Rating on Reddit, Cites Strong Growth Potential and Monetization Opportunities
B.Riley analysts initiated coverage on Reddit (NYSE:RDDT) with a Buy rating and a price target of $75 on the stock. The analysts highlighted Reddit’s unique platform, which serves tens of millions of users across over 100,000 communities, offering a compelling value proposition for users, advertisers, and content licensees. They believe Reddit is still in the early stages of monetizing its platform through advertising and data licensing, positioning it for strong top-line growth and margin expan...
Alex Lavoie
Sep 19, 2024
Reddit Inc. (NYSE:RDDT) Receives Buy Rating from B. Riley with a Price Target of $64.56
On September 19, 2024, B. Riley initiated coverage on Reddit Inc. (NYSE:RDDT) with a Buy rating, setting a price target of $64.56. This optimistic outlook was shared through a publication on TheFly, indicating a positive perspective on the company's future performance. Reddit, a major player in the social media space, has been gaining attention for its unique platform that hosts a wide range of communities and discussions. With a user base exceeding 342 million active users, Reddit's potential f...
