In the last three months, 25 analysts have published ratings on Reddit RDDT, offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 6 | 4 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 3 | 2 | 1 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 9 | 2 | 2 | 1 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $138.0, a high estimate of $210.00, and a low estimate of $68.00. Witnessing a positive shift, the current average has risen by 52.82% from the previous average price target of $90.30.
Interpreting Analyst Ratings: A Closer Look
The perception of Reddit by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Justin Post | B of A Securities | Raises | Neutral | $180.00 | $99.00 |
| Michael Morris | Guggenheim | Announces | Buy | $210.00 | - |
| Ronald Josey | Citigroup | Raises | Buy | $200.00 | $120.00 |
| Ken Gawrelski | Wells Fargo | Announces | Overweight | $206.00 | - |
| Colin Sebastian | Baird | Raises | Neutral | $160.00 | $100.00 |
| Laura Martin | Needham | Raises | Buy | $190.00 | $120.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $200.00 | $70.00 |
| Alan Gould | Loop Capital | Raises | Buy | $180.00 | $120.00 |
| John Colantuoni | Jefferies | Raises | Buy | $175.00 | $120.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $160.00 | $118.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $150.00 | $115.00 |
| Mark Shmulik | Bernstein | Raises | Underperform | $85.00 | $65.00 |
| Ronald Josey | Citigroup | Raises | Buy | $120.00 | $70.00 |
| Alan Gould | Loop Capital | Raises | Buy | $120.00 | $90.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $118.00 | $84.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $116.00 | $89.00 |
| Naved Khan | B. Riley Securities | Raises | Buy | $112.00 | $87.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $115.00 | $70.00 |
| Justin Post | B of A Securities | Raises | Neutral | $99.00 | $84.00 |
| Laura Martin | Needham | Raises | Buy | $120.00 | $85.00 |
| Alan Gould | Loop Capital | Raises | Buy | $90.00 | $80.00 |
| Rohit Kulkarni | Roth MKM | Raises | Buy | $89.00 | $66.00 |
| John Colantuoni | Jefferies | Raises | Buy | $100.00 | $90.00 |
| Naved Khan | B. Riley Securities | Raises | Buy | $87.00 | $75.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $68.00 | $60.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Reddit. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Reddit compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Reddit's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Reddit's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Reddit analyst ratings.
Delving into Reddit's Background
Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
Unraveling the Financial Story of Reddit
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining Reddit's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 67.87% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Communication Services sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Reddit's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.57% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Reddit's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.54%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Reddit's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.41% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.01, Reddit adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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