Analysts' ratings for Reddit (NYSE:RDDT) over the last quarter vary from bullish to bearish, as provided by 25 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 9 | 6 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 3 | 0 | 0 | 0 | 1 |
| 2M Ago | 4 | 7 | 3 | 0 | 0 |
| 3M Ago | 2 | 1 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Reddit, revealing an average target of $194.0, a high estimate of $250.00, and a low estimate of $75.00. This current average has increased by 10.41% from the previous average price target of $175.71.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Reddit by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Devin Ryan | Citizens Capital Markets | Lowers | Market Outperform | $155.00 | $200.00 |
| Laura Martin | Needham | Maintains | Buy | $220.00 | $220.00 |
| Michael Morris | Guggenheim | Lowers | Buy | $170.00 | $210.00 |
| James Cordwell | Redburn Atlantic | Announces | Sell | $75.00 | - |
| Josh Beck | Raymond James | Lowers | Strong Buy | $200.00 | $250.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $220.00 | $210.00 |
| Alan Gould | Loop Capital | Raises | Buy | $210.00 | $180.00 |
| Brian Nowak | Morgan Stanley | Raises | Overweight | $210.00 | $200.00 |
| Ronald Josey | Citigroup | Raises | Buy | $220.00 | $200.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $210.00 | $197.00 |
| Doug Anmuth | JP Morgan | Raises | Neutral | $185.00 | $142.00 |
| Ken Gawrelski | Wells Fargo | Raises | Overweight | $215.00 | $206.00 |
| Andrew Boone | JMP Securities | Raises | Market Outperform | $200.00 | $190.00 |
| Justin Post | B of A Securities | Raises | Neutral | $190.00 | $180.00 |
| Laura Martin | Needham | Raises | Buy | $220.00 | $190.00 |
| Colin Sebastian | Baird | Raises | Neutral | $185.00 | $160.00 |
| Josh Beck | Raymond James | Raises | Strong Buy | $250.00 | $200.00 |
| Andrew Boone | JMP Securities | Maintains | Market Outperform | $190.00 | $190.00 |
| Greg Miller | JMP Securities | Raises | Market Outperform | $190.00 | $160.00 |
| Rohit Kulkarni | Roth MKM | Raises | Neutral | $195.00 | $116.00 |
| Josh Beck | Raymond James | Raises | Strong Buy | $200.00 | $150.00 |
| Naved Khan | B. Riley Securities | Raises | Buy | $187.00 | $112.00 |
| Thomas Champion | Piper Sandler | Raises | Overweight | $197.00 | $150.00 |
| Eric Sheridan | Goldman Sachs | Raises | Neutral | $176.00 | $105.00 |
| Justin Post | B of A Securities | Raises | Neutral | $180.00 | $99.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Reddit. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Reddit compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Reddit's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into Reddit's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Reddit analyst ratings.
All You Need to Know About Reddit
Reddit Inc is engaged in providing internet content. The company provides online human connections to communities, endless conversation, sports, business, crypto, television, and others. It generates a majority of revenue through the sale of advertising on mobile applications and websites. Other revenue consists of revenue from content licensing, Reddit Premium subscriptions, and products within the user economy.
Reddit: Financial Performance Dissected
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Reddit's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 71.25%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 16.61%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Reddit's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.46%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Reddit's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 3.15%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.01.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which 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.
Latest Ratings for RDDT
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2025 | Wells Fargo | Maintains | Overweight | Overweight |
| Mar 2025 | Citizens Capital Markets | Maintains | Market Outperform | Market Outperform |
| Mar 2025 | Needham | Reiterates | Buy | Buy |
View More Analyst Ratings for RDDT
View the Latest Analyst Ratings
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
