At the time of writing, Reddit Inc [RDDT] stock is trading at $225.23, up 4.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RDDT shares have gain 12.87% over the last week, with a monthly amount glided 30.70%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, ROTH MKM downgraded its rating to Neutral on January 22, 2025, and elevated its price target to $195. On December 20, 2024, Guggenheim initiated with a Buy rating and assigned a price target of $210 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $206 on December 11, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $200 on December 09, 2024. Jefferies started tracking with a Buy rating for this stock on October 09, 2024, and assigned it a price target of $90. In a note dated September 20, 2024, B. Riley Securities initiated an Buy rating and provided a target price of $75 on this stock.
For the past year, the stock price of Reddit Inc fluctuated between $37.35 and $222.44. Currently, Wall Street analysts expect the stock to reach $136.1 within the next 12 months. Reddit Inc [NYSE: RDDT] shares were valued at $225.23 at the most recent close of the market. An investor can expect a potential drop of -39.57% 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 219.94 points at the first support level, and at 214.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 228.79, and for the 2nd resistance point, it is at 232.34.
Ratios To Look Out For
It is important to note that Reddit Inc [NYSE:RDDT] has a current ratio of 11.96. As well, the Quick Ratio is 11.96, while the Cash Ratio is 2.99. Considering the valuation of this stock, the price to sales ratio is 35.24, the price to book ratio is 19.83.
Transactions by insiders
Recent insider trading involved Huffman Steve Ladd, CEO & President, that happened on Jan 31 ’25 when 14000.0 shares were sold. Chief Technology Officer, Slowe Christopher Brian completed a deal on Jan 22 ’25 to sell 11000.0 shares. Meanwhile, Chief Technology Officer Slowe Christopher Brian sold 5000.0 shares on Jan 22 ’25.
