Reddit Inc. (RDDT)
(Delayed Data from NYSE)
$59.09 USD
-0.54 (-0.91%)
Updated Sep 13, 2024 04:01 PM ET
After-Market: $59.25 +0.16 (0.27%) 7:58 PM ET
3-Hold of 5 3
F Value D Growth D Momentum F VGM
Reddit Inc. (RDDT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$66.33 | $84.00 | $50.00 | 11.24% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for Reddit Inc. comes to $66.33. The forecasts range from a low of $50.00 to a high of $84.00. The average price target represents an increase of 11.24% from the last closing price of $59.63.
Analyst Price Targets (15)
Broker Rating
Reddit Inc. currently has an average brokerage recommendation (ABR) of 2.13 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 15 brokerage firms. The current ABR compares to an ABR of 2.13 a month ago based on 15 recommendations.
Of the 15 recommendations deriving the current ABR, seven are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 46.67% and 6.67% of all recommendations. A month ago, Strong Buy made up 46.67%, while Buy represented 6.67%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 7 | 7 | 7 | 6 | 7 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 6 | 6 | 6 | 7 | 6 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 1 | 1 | 1 | 1 | 1 |
ABR | 2.13 | 2.13 | 2.13 | 2.27 | 2.13 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
8/8/2024 | Needham & Company | Laura A Martin | Moderate Buy | Moderate Buy |
8/7/2024 | Piper Sandler | Thomas Champion | Strong Buy | Strong Buy |
8/7/2024 | New Street Research | Daniel Salmon | Hold | Hold |
8/1/2024 | Loop Capital Markets | Alan S Gould | Hold | Strong Buy |
7/31/2024 | Raymond James | Josh Beck | Strong Buy | Strong Buy |
7/26/2024 | Roth Capital Partners | Rohit Kulkarni | Strong Buy | Strong Buy |
7/22/2024 | Not Identified | Not Identified | Strong Sell | Strong Sell |
7/16/2024 | JMP Securities | Andrew Boone | Strong Buy | Strong Buy |
5/8/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
4/15/2024 | Goldman Sachs | Eric J Sheridan | Not Available | Hold |
4/4/2024 | Robert W. Baird & Co. | Colin A Sebastian | Not Available | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 2.13 |
ABR (Last week) | 2.13 |
# of Recs in ABR | 15 |
Average Target Price | $66.33 |
LT Growth Rate | 32.60% |
Industry | Internet - Software |
Industry Rank by ABR | 87 of 253 |
Current Quarter EPS Est: | -0.10 |
RDDT FAQs
Reddit Inc. (RDDT) currently has an average brokerage recommendation (ABR) of 2.13 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 15 brokerage firms.
The average price target for Reddit Inc. (RDDT) is $66.33. The current on short-term price targets is based on 4 reports.
The forecasts for Reddit Inc. (RDDT) range from a low of $50 to a high of $84. The average price target represents a increase of $12.25 from the last closing price of $59.09.
The current UPSIDE for Reddit Inc. (RDDT) is 12.25%
Based on short-term price targets offered by 15 analysts, the average price target for Reddit Inc. comes to $66.33. The forecasts range from a low of $50.00 to a high of $84.00. The average price target represents an increase of 11.24% from the last closing price of $59.63.