Analyst Expectations for Reddit’s Future – Reddit (NYSE:RDDT)

In the last three months, 25 analysts have posted ratings on Reddit RDDTthat offers a wide range of perspectives from bullish to bearish.

In the table below, you will find an overview of their most recent ratings, revealing the changing sentiments over the past 30 days and comparing them to previous months.

	Bullish	Somewhat bullish	Doesn’t matter	Somewhat bearish	Bearish
Overall ratings	14	6	4	1	0
Last 30D	0	0	1	0	0
1M ago	3	2	1	0	0
2M ago	2	2	0	0	0
3M ago	9	2	2	1	0

The 12-month price targets analyzed by analysts provide insights with an average target of $138.0, a high estimate of $210.00 and a low estimate of $68.00. Witnessing a positive shift, the current average has risen 52.82% from the previous average price target of $90.30.

Interpreting Analyst Ratings: A Closer Look

Financial experts’ perception of Reddit is analyzed through recent analyst actions. The following summary presents key analysts, their latest evaluations and adjustments to ratings and price targets.

analyst	Analyst firm	Action taken	Assessment	Current price target	Prior price target
Justin Post	B of A Securities	Raising	Neutral	$180.00 USD	$99.00 USD
Michael Morris	Guggenheim	Notifies	Buy	$210.00	–
Ronald Josey	Citigroup	Raising	Buy	$200.00	$120.00
Ken Gawrelski	Wells Fargo	Notifies	Obese	$206.00	–
Colin Sebastian	Baird	Raising	Neutral	$160.00	$100.00
Laura Martin	Needham	Raising	Buy	$190.00 USD	$120.00
Brian Nowak	Morgan Stanley	Raising	Obese	$200.00	$70.00
Alan Gould	Loop Capital	Raising	Buy	$180.00 USD	$120.00
John Colantuoni	Jefferies	Raising	Buy	$175.00	$120.00
Andrew Boone	JMP securities	Raising	The market is doing better	$160.00	$118.00
Thomas Champion	Piper Sandler	Raising	Obese	$150.00	$115.00
Mark Shmulik	Bernstein	Raising	Underperforms	$85.00	$65.00
Ronald Josey	Citigroup	Raising	Buy	$120.00	$70.00
Alan Gould	Loop Capital	Raising	Buy	$120.00	$90.00
Andrew Boone	JMP securities	Raising	The market is doing better	$118.00	$84.00 USD
Rohit Kulkarni	Roth MKM	Raising	Buy	$116.00	$89.00 USD
Naved Khan	B. Riley Securities	Raising	Buy	$112.00	$87.00 USD
Thomas Champion	Piper Sandler	Raising	Obese	$115.00	$70.00
Justin Post	B of A Securities	Raising	Neutral	$99.00 USD	$84.00 USD
Laura Martin	Needham	Raising	Buy	$120.00	$85.00
Alan Gould	Loop Capital	Raising	Buy	$90.00	$80.00
Rohit Kulkarni	Roth MKM	Raising	Buy	$89.00 USD	$66.00 USD
John Colantuoni	Jefferies	Raising	Buy	$100.00	$90.00
Naved Khan	B. Riley Securities	Raising	Buy	$87.00 USD	$75.00
Erik Sheridan	Goldman Sachs	Raising	Neutral	$68.00 USD	$60.00

Key Insights:

• Action taken: Analysts respond to changes in market conditions and company performance and frequently update their recommendations. Whether they ‘maintain’, ‘raise’ or ‘lower’ their stance reflects their reaction to recent developments related to Reddit. This information provides a snapshot of how analysts perceive the company’s current state.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from ‘Outperform’ to ‘Underperform’. These ratings provide insight into expectations for Reddit’s relative performance compared to the broader market.
• Price target: Analysts provide insight into price targets and provide estimates for the future value of Reddit’s stock. This comparison reveals trends in analysts’ expectations over time.

To get a panoramic view of Reddit’s market performance, explore these analyst ratings along with key financial indicators. Stay informed and make sound decisions with the help of our rating table.

Stay updated on Reddit analyst ratings.

Delving into Reddit’s background

Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, TV and others.

Unraveling Reddit’s Financial History

Analysis of market value: The company exhibits a lower market capitalization profile and positions itself below industry averages. This suggests a smaller scale compared to peers.

Positive turnover trend: Examining Reddit’s finances over 3 months reveals a positive narrative. The company achieved remarkable revenue growth of 67.87% per September 30, 2024, showing a significant increase in top line earnings. Compared to others in the communications services sector, the company excelled with a growth rate higher than the average among peers.

Net margin: Reddit’s net margin exceeds industry standards, highlighting the company’s exceptional financial performance. With an impressive 8.57% net margin, the company effectively controls costs and achieves strong profitability.

Return on equity (ROE): Reddit’s financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE on 1.54%, the company demonstrates efficient use of equity capital and strong financial health.

Return on assets (ROA): Reddit’s ROA exceeds industry standards, highlighting the company’s exceptional financial performance. With an impressive 1.41% ROA, the company effectively utilizes its assets for an optimal return.

Debt management: With a below average debt ratio of 0.01Reddit adopts a prudent financial strategy that indicates a balanced approach to debt management.

Analyst Ratings: What are they?

Analyst ratings serve as key indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls and engage with insiders to generate quarterly ratings for individual stocks.

In addition to their standard valuations, some analysts contribute forecasts for metrics such as growth estimates, earnings and revenue, providing investors with additional guidance. Users of analyst ratings should be aware that this specialized advice is shaped by human perspectives and may be subject to variation.

What stocks are analysts recommending now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades and price targets. Sort by accuracy, upside potential and more. Click here to stay ahead of the market.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.