Bulls vs Bears
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
Click to unlock major analysts' bullish and bearish positions by joining Benzinga Edge.
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.
1calculated from analyst ratings
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.
The latest analyst rating for Reddit (NYSE:RDDT) was provided by Guggenheim, and Reddit initiated their buy rating.
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.
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.
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.
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.