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Reddit

RDDTNYSE
Logo brought to you by Benzinga Data
$170.71
6.994.27%
At close: -
$171.40
0.690.40%
After Hours: Dec 20, 7:41 PM EDT
Consensus Rating1
Buy
Highest Price Target1
$210.00
Lowest Price Target1
$54.00
Consensus Price Target1
$130.38

Reddit (NYSE:RDDT) Stock, Analyst Ratings, Price Targets, Forecasts

Reddit Inc has a consensus price target of $130.38 based on the ratings of 21 analysts. The high is $210 issued by Guggenheim on December 20, 2024. The low is $54 issued by New Street Research on March 26, 2024. The 3 most-recent analyst ratings were released by Guggenheim, Citigroup, and Wells Fargo on December 20, 2024, December 20, 2024, and December 11, 2024, respectively. With an average price target of $205.33 between Guggenheim, Citigroup, and Wells Fargo, there's an implied 19.80% upside for Reddit Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
2
Sep
13
3
1
Oct
2
Nov
6
1
Dec
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.7
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Guggenheim
Citigroup
Wells Fargo
Baird
Needham

1calculated from analyst ratings

Analyst Ratings for Reddit

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Reddit (RDDT) stock?

A

The latest price target for Reddit (NYSE:RDDT) was reported by Guggenheim on December 20, 2024. The analyst firm set a price target for $210.00 expecting RDDT to rise to within 12 months (a possible 22.52% upside). 74 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Reddit (RDDT)?

A

The latest analyst rating for Reddit (NYSE:RDDT) was provided by Guggenheim, and Reddit initiated their buy rating.

Q

When was the last upgrade for Reddit (RDDT)?

A

The last upgrade for Reddit Inc happened on December 9, 2024 when Morgan Stanley raised their price target to $200. Morgan Stanley previously had an equal-weight for Reddit Inc.

Q

When was the last downgrade for Reddit (RDDT)?

A

The last downgrade for Reddit Inc happened on July 16, 2024 when Loop Capital changed their price target from $75 to $75 for Reddit Inc.

Q

When is the next analyst rating going to be posted or updated for Reddit (RDDT)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Reddit, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Reddit was filed on December 20, 2024 so you should expect the next rating to be made available sometime around December 20, 2025.

Q

Is the Analyst Rating Reddit (RDDT) correct?

A

While ratings are subjective and will change, the latest Reddit (RDDT) rating was a initiated with a price target of $0.00 to $210.00. The current price Reddit (RDDT) is trading at is $171.40, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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