RedditRDDT
RDDT
About: Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 17 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
418% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 17
306% more first-time investments, than exits
New positions opened: 142 | Existing positions closed: 35
149% more capital invested
Capital invested by funds: $2.05B [Q2] → $5.1B (+$3.05B) [Q3]
111% more funds holding in top 10
Funds holding in top 10: 9 [Q2] → 19 (+10) [Q3]
61% more funds holding
Funds holding: 175 [Q2] → 282 (+107) [Q3]
15% more call options, than puts
Call options by funds: $249M | Put options by funds: $216M
9.39% more ownership
Funds ownership: 72.11% [Q2] → 81.49% (+9.39%) [Q3]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$68
59%
downside
Avg. target
$145
12%
downside
High target
$210
27%
upside
17 analyst ratings
12 positive
71%
4 neutral
24%
1 negative
6%
Guggenheim Michael Morris 65% 1-year accuracy 17 / 26 met price target | 27%upside $210 | Buy Initiated | 20 Dec 2024 |
Citigroup Ronald Josey 61% 1-year accuracy 30 / 49 met price target | 21%upside $200 | Buy Maintained | 20 Dec 2024 |
Wells Fargo Ken Gawrelski 60% 1-year accuracy 27 / 45 met price target | 24%upside $206 | Overweight Initiated | 11 Dec 2024 |
Baird Colin Sebastian 79% 1-year accuracy 31 / 39 met price target | 3%downside $160 | Neutral Maintained | 11 Dec 2024 |
Needham Laura Martin 76% 1-year accuracy 249 / 328 met price target | 15%upside $190 | Buy Maintained | 11 Dec 2024 |
Financial journalist opinion
Based on 34 articles about RDDT published over the past 30 days
Positive
Seeking Alpha
7 hours ago
Reddit: Just Let Your Winners Run
I continue to remain bullish on Reddit with a price target of $205, as its Advertising and Data Licensing revenue shows no signs of slowdown, while profitability expands. In Q3, Reddit saw its DAUqs grow 47% YoY, bolstered by machine learning investments and international expansion, while improving the search experience is now a key priority. Meanwhile, Reddit continues to build superior advertising solutions to drive higher return on ad spend, with Advertising revenue growing 56% YoY.
Positive
The Motley Fool
8 hours ago
3 Soaring Stocks I'd Buy Now With No Hesitation
You will probably agree that a rising share price is a happy occasion worthy of celebration. As the stocks you own rise in price, your portfolio's value increases.
Positive
Invezz
2 days ago
RDDT stock 2025 forecast: will the company sustain its IPO momentum?
Reddit (RDDT) had a stellar year in 2024, with s staggering 250% surge in its stock price from its first-day close following its debut listing in March. The trajectory of the stock has caused the 19-year old social media giant to become a darling of Wall Street.
Neutral
The Motley Fool
2 days ago
"Motley Fool Money" Looks Back on 2 Great AI Episodes
In this rebroadcast of the Motley Fool Money podcast, Wharton Professor Ethan Mollick walks through his four rules for using AI, how he pushes students to use the technology, and the research from his book Co-Intelligence: Living and Working with AI.
Positive
Investors Business Daily
3 days ago
IPO Stock Roundup: Astera, Reddit Hit New Highs; Atour, Oddity Trigger Sell Signals
Top IPO stocks Astera and Reddit hit new highs this week. Birkenstock is near a buy point.
Positive
Investors Business Daily
3 days ago
Reddit Had A Big 2024. Can The IPO Stock Build On Its Red-Hot Debut?
Reddit stock has soared 250% since its IPO in March, with analysts bullish the social media site can add on in 2025. The post Reddit Had A Big 2024.
Positive
MarketBeat
3 days ago
Reddit Stock Dominated 2024—Why the Rally Isn't Over Yet
When it comes to the hottest trends in the stock market for 2024, it isn't likely that investors would land on social media names, or at least not for the reasons that social media platforms should be considered. Sure, stocks like Alphabet Inc. NASDAQ: GOOGL and Meta Platforms Inc. NASDAQ: META saw some bullish price action during 2024, especially toward the end; however, it was likely because of their artificial intelligence exposure.
Neutral
Zacks Investment Research
4 days ago
Why Reddit Inc. (RDDT) Dipped More Than Broader Market Today
Reddit Inc. (RDDT) concluded the recent trading session at $176.74, signifying a -0.38% move from its prior day's close.
Neutral
Zacks Investment Research
1 week ago
Reddit Inc. (RDDT) Ascends While Market Falls: Some Facts to Note
Reddit Inc. (RDDT) closed the most recent trading day at $163.72, moving +1.91% from the previous trading session.
Positive
Zacks Investment Research
2 weeks ago
Wall Street Analysts Think Reddit Inc. (RDDT) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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