At the time of writing, Reddit Inc [RDDT] stock is trading at $188.32, up 7.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The RDDT shares have gain 14.38% over the last week, with a monthly amount glided 11.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Reddit Inc [NYSE: RDDT] stock has seen the most recent analyst activity on December 20, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $210. Previously, Wells Fargo started tracking the stock with Overweight rating on December 11, 2024, and set its price target to $206. On December 09, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $200 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $90 on October 09, 2024. B. Riley Securities initiated its recommendation with a Buy and recommended $75 as its price target on September 20, 2024. Loop Capital upgraded its rating to Buy for this stock on August 01, 2024, but kept the price target unchanged to $75. In a note dated July 26, 2024, ROTH MKM reiterated an Buy rating on this stock and boosted its target price from $61 to $67.
For the past year, the stock price of Reddit Inc fluctuated between $37.35 and $187.69. Currently, Wall Street analysts expect the stock to reach $114.4 within the next 12 months. Reddit Inc [NYSE: RDDT] shares were valued at $188.32 at the most recent close of the market. An investor can expect a potential drop of -39.25% based on the average RDDT price forecast.
Analyzing the RDDT fundamentals
According to Reddit Inc [NYSE:RDDT], the company’s sales were 1.12B for trailing twelve months, which represents an 67.87% jump. 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 0.01.
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 178.95 points at the first support level, and at 169.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 194.35, and for the 2nd resistance point, it is at 200.37.
Ratios To Look Out For
It is important to note that Reddit Inc [NYSE:RDDT] has a current ratio of 11.96. On the other hand, the Quick Ratio is 11.96, and the Cash Ratio is 2.99. Considering the valuation of this stock, the price to sales ratio is 29.46, the price to book ratio is 16.58.
Transactions by insiders
Recent insider trading involved Wong Jennifer L., Chief Operating Officer, that happened on Jan 16 ’25 when 33334.0 shares were sold. CEO & President, Huffman Steve Ladd completed a deal on Jan 15 ’25 to sell 0.11 million shares. Meanwhile, CEO & President Huffman Steve Ladd sold 14000.0 shares on Jan 15 ’25.
