Reddit Inc [RDDT] stock is trading at $172.65, up 5.59%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RDDT shares have gain 6.08% over the last week, with a monthly amount glided 30.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Reddit Inc [NYSE: RDDT] stock has seen the most recent analyst activity on December 11, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $206. Previously, Morgan Stanley upgraded its rating to Overweight on December 09, 2024, and elevated its price target to $200. On October 09, 2024, Jefferies initiated with a Buy rating and assigned a price target of $90 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $75 on September 20, 2024. Loop Capital upgraded its rating to a Buy but $75 remained the price target by the analyst firm on August 01, 2024. ROTH MKM reiterated a Buy rating for this stock on July 26, 2024, and upped its price target to $67. In a note dated July 16, 2024, Loop Capital downgraded an Hold rating on this stock but restated the target price of $75.
Reddit Inc [RDDT] stock has fluctuated between $37.35 and $180.74 over the past year. Currently, Wall Street analysts expect the stock to reach $108.93 within the next 12 months. Reddit Inc [NYSE: RDDT] shares were valued at $172.65 at the most recent close of the market. An investor can expect a potential drop of -36.91% based on the average RDDT price forecast.
Analyzing the RDDT fundamentals
Reddit Inc [NYSE:RDDT] reported sales of 1.12B for the trailing twelve months, which represents a growth of 67.87%. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at -0.54%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.3 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 166.11 points at the first support level, and at 159.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 176.60, and for the 2nd resistance point, it is at 180.54.
Ratios To Look Out For
For context, Reddit Inc’s Current Ratio is 11.96. Further, the Quick Ratio stands at 11.96, while the Cash Ratio is 2.99. Considering the valuation of this stock, the price to sales ratio is 28.52, the price to book ratio is 15.20.
Transactions by insiders
Recent insider trading involved Huffman Steve Ladd, CEO & President, that happened on Nov 29 ’24 when 14000.0 shares were sold. Chief Financial Officer, Vollero Andrew completed a deal on Nov 25 ’24 to sell 19838.0 shares. Meanwhile, Officer ANDREW VOLLERO bought 19838.0 shares on Nov 25 ’24.
