Reddit, Inc. (RDDT) Stock Price, Quote & News - Stock Analysis (2024)

FAQs

Reddit, Inc. (RDDT) Stock Price, Quote & News - Stock Analysis? ›

RDDT Stock 12 Month Forecast

Based on 16 Wall Street analysts offering 12 month price targets for Reddit Inc Class A in the last 3 months. The average price target is $58.93 with a high forecast of $70.00 and a low forecast of $45.00. The average price target represents a -7.86% change from the last price of $63.96.

RDDT Stock 12 Month Forecast

Based on 16 Wall Street analysts offering 12 month price targets for Reddit Inc Class A in the last 3 months. The average price target is $58.93 with a high forecast of $70.00 and a low forecast of $45.00. The average price target represents a -7.86% change from the last price of $63.96.

The average one-year price target for Reddit (NYSE:RDDT) has been revised to 61.671 / share. This is an increase of 22.62% from the prior estimate of 50.29 dated May 5, 2024. The price target is an average of many targets provided by analysts.

According to analysts, RDDT price target is 60.13 USD with a max estimate of 70.00 USD and a min estimate of 45.00 USD. Check if this forecast comes true in a year, meanwhile watch Reddit stock price chart and keep track of the current situation with RDDT news and stock market news.

According to the research reports of 16 Wall Street equities research analysts, The consensus rating for Reddit stock is Moderate Buy based on the current 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for RDDT.

Average Price Target

Based on 7 Wall Street analysts offering 12 month price targets for WELL Health Technologies Corp in the last 3 months. The average price target is C$7.18 with a high forecast of C$10.00 and a low forecast of C$4.75. The average price target represents a 70.95% change from the last price of C$4.20.

NVDA Stock Forecast FAQ

Based on analyst ratings, Nvidia's 12-month average price target is $127.24. Nvidia has 5.24% upside potential, based on the analysts' average price target. Nvidia has a consensus rating of Strong Buy which is based on 37 buy ratings, 3 hold ratings and 0 sell ratings.

Reddit was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian, as well as Aaron Swartz, in 2005. Condé Nast Publications acquired the site in October 2006. In 2011, Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications.

What is the price to sales ratio of RDDT? ›

Price-To-Sales vs Industry: RDDT is expensive based on its Price-To-Sales Ratio (11x) compared to the US Interactive Media and Services industry average (1.4x).

Chinese tech conglomerate Tencent led Reddit's Series D of $300 million in 2019 and now owns 11% of the company. Fidelity led Reddit's $420 million Series F, valued at $10 billion. The firm, which also invested in earlier rounds, now owns 9.5% of Reddit.

How does Reddit make money? Reddit makes its money through advertising on its site. Advertisers have the option of paying a minimum of $50,000 per quarter for a large-scale campaign or bidding on a click per thousand impressions model (CPM).

Reddit has 73.1 million daily active users. Reddit has 267.5 million weekly active users. There are more than 100,000 active subreddits on the platform. Reddit registered $804.03 million in annual revenue in 2023.

What is the RDDT price prediction for 2030? To predict the price for RDDT in 2030, we can again extrapolate the AI price target. This approach projects RDDT's price to reach $34.55.

According to the research reports of 16 Wall Street equities research analysts, The consensus rating for Reddit stock is Moderate Buy based on the current 1 sell rating, 6 hold ratings, 8 buy ratings and 1 strong buy rating for RDDT. Learn more on RDDT's analyst rating history.