$57.59
-2.04[-3.42%]
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Reddit Stock (NYSE:RDDT), Analyst Ratings, Price Targets, Predictions
Reddit Inc has a consensus price target of $54.87, established from looking at the 22 latest analyst ratings. The last 3 analyst ratings were released from Goldman Sachs, Citigroup, and JMP Securities on May 9, 2024, May 8, 2024, and May 8, 2024. With an average price target of $61 between Goldman Sachs, Citigroup, and JMP Securities, there's an implied 5.92% upside for Reddit Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Goldman Sachs
Citigroup
JMP Securities
Roth MKM
Bernstein
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Reddit
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/09/2024 | Buy Now | -4.5% | Goldman Sachs | Eric Sheridan | $40 → $55 | Maintains | Neutral | Get Alert |
| 05/08/2024 | Buy Now | 12.87% | Citigroup | Ronald Josey | $53 → $65 | Maintains | Buy | Get Alert |
| 05/08/2024 | Buy Now | 9.39% | JMP Securities | Andrew Boone | $53 → $63 | Maintains | Market Outperform | Get Alert |
| 05/08/2024 | Buy Now | 5.92% | Roth MKM | Rohit Kulkarni | $50 → $61 | Maintains | Buy | Get Alert |
| 05/08/2024 | Buy Now | -21.86% | Bernstein | Mark Shmulik | $40 → $45 | Maintains | Underperform | Get Alert |
| 05/08/2024 | Buy Now | 9.39% | Needham | Laura Martin | $55 → $63 | Maintains | Buy | Get Alert |
| 05/08/2024 | Buy Now | 2.45% | Baird | Colin Sebastian | $50 → $59 | Maintains | Neutral | Get Alert |
| 05/08/2024 | Buy Now | 12.87% | Piper Sandler | Thomas Champion | $50 → $65 | Maintains | Overweight | Get Alert |
| 04/16/2024 | Buy Now | -13.18% | Deutsche Bank | Ben Black | → $50 | Initiates | → Buy | Get Alert |
| 04/16/2024 | Buy Now | -20.13% | B of A Securities | Justin Post | → $46 | Initiates | → Neutral | Get Alert |
| 04/15/2024 | Buy Now | -13.18% | Raymond James | Josh Beck | → $50 | Initiates | → Strong Buy | Get Alert |
| 04/15/2024 | Buy Now | -7.97% | JMP Securities | Andrew Boone | → $53 | Initiates | → Market Outperform | Get Alert |
| 04/15/2024 | Buy Now | -7.97% | Citigroup | Ronald Josey | → $53 | Initiates | → Buy | Get Alert |
| 04/15/2024 | Buy Now | -4.5% | Loop Capital | Alan Gould | → $55 | Initiates | → Buy | Get Alert |
| 04/15/2024 | Buy Now | -13.18% | Roth MKM | Rohit Kulkarni | → $50 | Initiates | → Buy | Get Alert |
| 04/15/2024 | Buy Now | -4.5% | Needham | Laura Martin | → $55 | Initiates | → Buy | Get Alert |
| 04/15/2024 | Buy Now | -18.39% | JP Morgan | Doug Anmuth | → $47 | Initiates | → Neutral | Get Alert |
| 04/15/2024 | Buy Now | -13.18% | Piper Sandler | Thomas Champion | → $50 | Initiates | → Overweight | Get Alert |
| 04/15/2024 | Buy Now | -21.86% | Morgan Stanley | Brian Nowak | → $45 | Initiates | → Equal-Weight | Get Alert |
| 04/04/2024 | Buy Now | -13.18% | Baird | Colin Sebastian | → $50 | Initiates | → Neutral | Get Alert |
| 04/04/2024 | Buy Now | -30.54% | Bernstein | Mark Shmulik | → $40 | Initiates | → Underperform | Get Alert |
| 03/26/2024 | Buy Now | -6.23% | New Street Research | Dan Salmon | → $54 | Initiates | → Neutral | Get Alert |
FAQ
What is the target price for Reddit (RDDT)?
The latest price target for Reddit (NYSE: RDDT) was reported by Goldman Sachs on May 9, 2024. The analyst firm set a price target for $55.00 expecting RDDT to fall to within 12 months (a possible -4.50% downside). 22 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Reddit (RDDT)?
The latest analyst rating for Reddit (NYSE: RDDT) was provided by Goldman Sachs, and Reddit maintained their neutral rating.
When was the last upgrade for Reddit (RDDT)?
There is no last upgrade for Reddit.
When was the last downgrade for Reddit (RDDT)?
There is no last downgrade for Reddit.
When is the next analyst rating going to be posted or updated for Reddit (RDDT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Reddit, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Reddit was filed on May 9, 2024 so you should expect the next rating to be made available sometime around May 9, 2025.
Is the Analyst Rating Reddit (RDDT) correct?
While ratings are subjective and will change, the latest Reddit (RDDT) rating was a maintained with a price target of $40.00 to $55.00. The current price Reddit (RDDT) is trading at is $57.59, which is out of the analyst’s predicted range.
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