Reddit Inc [RDDT] stock is trading at $199.55, up 0.31%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RDDT shares have gain 9.40% over the last week, with a monthly amount glided 20.55%, 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 January 22, 2025, when ROTH MKM downgraded its rating to a Neutral and also boosted its price target to $195 from $116. Previously, Guggenheim started tracking the stock with Buy rating on December 20, 2024, and set its price target to $210. On December 11, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $206 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $200 on December 09, 2024. Jefferies initiated its recommendation with a Buy and recommended $90 as its price target on October 09, 2024. B. Riley Securities started tracking with a Buy rating for this stock on September 20, 2024, and assigned it a price target of $75. In a note dated August 01, 2024, Loop Capital upgraded an Buy rating on this stock but restated the target price of $75.
Reddit Inc [RDDT] stock has fluctuated between $37.35 and $208.62 over the past year. Currently, Wall Street analysts expect the stock to reach $122.77 within the next 12 months. Reddit Inc [NYSE: RDDT] shares were valued at $199.55 at the most recent close of the market. An investor can expect a potential drop of -38.48% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 195.53 points at the first support level, and at 191.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 205.08, and for the 2nd resistance point, it is at 210.62.
Ratios To Look Out For
For context, Reddit Inc’s Current Ratio is 11.96. In addition, the Quick Ratio stands at 11.96 and the Cash Ratio stands at 2.99. Considering the valuation of this stock, the price to sales ratio is 31.22, the price to book ratio is 17.57.
Transactions by insiders
Recent insider trading involved Slowe Christopher Brian, Chief Technology Officer, that happened on Jan 22 ’25 when 11000.0 shares were sold. Chief Technology Officer, Slowe Christopher Brian completed a deal on Jan 22 ’25 to sell 5000.0 shares. Meanwhile, Officer SLOWE FAMILY TRUST bought 15000.0 shares on Jan 22 ’25.
