Reddit Inc. (RDDT)
(Delayed Data from NYSE)
$59.63 USD
-2.71 (-4.35%)
Updated May 15, 2024 04:00 PM ET
After-Market: $59.45 -0.18 (-0.30%) 7:58 PM ET
3-Hold of 5 3
F Value D Growth A Momentum D VGM
Reddit Inc. (RDDT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Downside to Average Price Target |
---|---|---|---|
$59.27 | $65.00 | $45.00 | -4.92% |
Price Target
Based on short-term price targets offered by 15 analysts, the average price target for Reddit Inc. comes to $59.27. The forecasts range from a low of $45.00 to a high of $65.00. The average price target represents a decline of 4.92% from the last closing price of $62.34.
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 2.21 a month ago based on 14 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 42.86%, while Buy represented 7.14%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 7 | 7 | 6 | NA | NA |
Buy | 1 | 1 | 1 | NA | NA |
Hold | 6 | 6 | 6 | NA | NA |
Sell | 0 | 0 | 0 | NA | NA |
Strong Sell | 1 | 1 | 1 | NA | NA |
ABR | 2.13 | 2.13 | 2.21 | NA | NA |
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 |
---|---|---|---|---|
5/8/2024 | Piper Sandler | Thomas Champion | Strong Buy | Strong Buy |
4/15/2024 | Roth Capital Partners | Rohit Kulkarni | Not Available | Strong Buy |
4/15/2024 | Needham & Company | Laura A Martin | Not Available | Moderate Buy |
4/15/2024 | Raymond James | Josh Beck | Not Available | Strong Buy |
4/15/2024 | JMP Securities | Andrew Boone | Not Available | Strong Buy |
4/15/2024 | Loop Capital Markets | Alan S Gould | Not Available | Strong Buy |
4/4/2024 | Robert W. Baird & Co. | Colin A Sebastian | Not Available | Hold |
3/26/2024 | New Street Research | Daniel Salmon | 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 | $59.27 |
LT Growth Rate | 40.20% |
Industry | Internet - Software |
Industry Rank by ABR | 60 of 252 |
Current Quarter EPS Est: | -0.33 |