Reddit, Inc. (RDDT)
NYSE: RDDT · IEX Real-Time Price · USD
51.40
+2.00 (4.05%)
At close: May 8, 2024, 4:01 PM
51.10
-0.30 (-0.58%)
Pre-market: May 9, 2024, 9:13 AM EDT
Reddit Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Reddit stock have an average target of 54.86, with a low estimate of 45 and a high estimate of 65. The average target predicts an increase of 6.73% from the current stock price of 51.40.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Reddit stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 |
|---|---|---|
| Strong Buy | 6 | 6 |
| Buy | 2 | 2 |
| Hold | 5 | 5 |
| Sell | 1 | 1 |
| Strong Sell | 0 | 0 |
| Total | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $53 → $65 | Strong Buy | Maintains | $53 → $65 | +26.46% | May 8, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $53 → $63 | Buy | Maintains | $53 → $63 | +22.57% | May 8, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $50 → $61 | Strong Buy | Maintains | $50 → $61 | +18.68% | May 8, 2024 |
| Bernstein | Bernstein | Sell Maintains $40 → $45 | Sell | Maintains | $40 → $45 | -12.45% | May 8, 2024 |
| Needham | Needham | Strong Buy Maintains $55 → $63 | Strong Buy | Maintains | $55 → $63 | +22.57% | May 8, 2024 |
Financial Forecast
Revenue This Year
n/a
from 804.03M
Revenue Next Year
n/a
EPS This Year
n/a
from -1.54
EPS Next Year
n/a
Revenue Forecast
No data available
Revenue Growth
No data available
EPS Forecast
No data available
EPS Growth
No data available
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.