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 6,809 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
147% more capital invested
Capital invested by funds: $2.04B [Q2] → $5.03B (+$2.99B) [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]
14% more call options, than puts
Call options by funds: $247M | Put options by funds: $216M
8.55% more ownership
Funds ownership: 71.9% [Q2] → 80.44% (+8.55%) [Q3]
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$68
60%
downside
Avg. target
$145
15%
downside
High target
$210
23%
upside
17 analyst ratings
12 positive
71%
4 neutral
24%
1 negative
6%
Guggenheim Michael Morris 71% 1-year accuracy 17 / 24 met price target | 23%upside $210 | Buy Initiated | 20 Dec 2024 |
Citigroup Ronald Josey 59% 1-year accuracy 29 / 49 met price target | 17%upside $200 | Buy Maintained | 20 Dec 2024 |
Wells Fargo Ken Gawrelski 62% 1-year accuracy 28 / 45 met price target | 21%upside $206 | Overweight Initiated | 11 Dec 2024 |
Baird Colin Sebastian 85% 1-year accuracy 33 / 39 met price target | 6%downside $160 | Neutral Maintained | 11 Dec 2024 |
Needham Laura Martin 77% 1-year accuracy 252 / 328 met price target | 11%upside $190 | Buy Maintained | 11 Dec 2024 |
Financial journalist opinion
Based on 46 articles about RDDT published over the past 30 days
Neutral
Zacks Investment Research
2 days 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
5 days 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?
Positive
The Motley Fool
1 week ago
2 No-Brainer Technology Stocks to Buy Right Now
As this year draws to a close, it's time to start thinking about 2025. What stocks should investors consider as new buys for the new year?
Positive
Schwab Network
1 week ago
The Big 3: META, MO, RDDT
Aquiles Larrea sees bullish aspects to all of today's Big 3. The question lingers around when bullishness around each takes shape.
Negative
Zacks Investment Research
1 week ago
Here's Why Reddit Inc. (RDDT) Fell More Than Broader Market
In the closing of the recent trading day, Reddit Inc. (RDDT) stood at $163.51, denoting a -1.45% change from the preceding trading day.
Positive
Zacks Investment Research
1 week ago
Can Reddit's AI Innovations and Ad Growth Push the Stock Higher?
RDDT stock rides on enhanced advertising and increased user engagement.
Positive
MarketBeat
1 week ago
4 Social Media Stocks to Soar as TikTok's Future Hangs in Balance
How business used to be done has changed, and the share of transactions, marketing, and sales done in the new digitized economy is growing. Gone are the days of door-to-door salesmanship, unless it is to sell a power-washing or solar panel service, which has several limitations as far as efficiency and scalability are concerned.
Positive
The Motley Fool
1 week ago
Is Now the Time to Buy Reddit Stock?
Shares of social media giant Reddit (RDDT 5.15%) have been on a rocketship since its IPO in March. The stock debuted at $34 per share and closed the day up 48%, but that was nothing compared to what was to come.
Positive
WSJ
1 week ago
How Years of Reddit Posts Have Made the Company an AI Darling
The social-media veteran is profiting from feeding artificial-intelligence companies' insatiable appetite for conversational text.
Positive
Investopedia
1 week ago
Reddit Stock Hits Record High After Upgrade From Morgan Stanley on Its Growth Potential
Reddit (RDDT) shares climbed to a record high Monday after analysts from Morgan Stanley upgraded the social media stock, citing the company's "multiple levers" for potential growth heading into 2025.
Charts implemented using Lightweight Charts™