| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | $90.00 | Buy | Jefferies |
| 9/20/2024 | $75.00 | Buy | B. Riley Securities |
| 8/1/2024 | $75.00 | Hold → Buy | Loop Capital |
| 7/26/2024 | $61.00 → $67.00 | Buy | ROTH MKM |
| 7/16/2024 | $75.00 | Buy → Hold | Loop Capital |
| 5/8/2024 | $55.00 → $63.00 | Buy | Needham |
| 4/16/2024 | $46.00 | Neutral | BofA Securities |
| 4/16/2024 | $50.00 | Buy | Deutsche Bank |
| 4/15/2024 | $53.00 | Buy | Citigroup |
| 4/15/2024 | $53.00 | Mkt Outperform | JMP Securities |
Morgan Stanley analyst Brian Nowak maintains Reddit (NYSE:RDDT) with a Equal-Weight and raises the price target from $63 to $70.
Analysts' ratings for Reddit (NYSE:RDDT) over the last quarter vary from bullish to bearish, as provided by 18 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 4 4 2 0 Last 30D 0 0 0 1 0 1M Ago 1 1 2 0 0 2M Ago 1 0 0 0 0 3M Ago 6 3 2 1 0 Analysts have set 12-month price targets for Reddit, revealing an average target of $64.61, a high estimate of $84.00, and a low estimate of $45.00. This current average has increas
Bernstein analyst Mark Shmulik maintains Reddit (NYSE:RDDT) with a Underperform and raises the price target from $45 to $50.
U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday. Shares of IQVIA Holdings Inc. (NYSE:IQV) rose sharply during Monday's session after the company released better-than-expected second-quarter financial results and raised its 2024 guidance. IQVIA reported a second adjusted EPS of $2.64, up from $2.43, beating the consensus of $2.57. Provider of advanced analytics reported sales of $3.81 billion, beating the consensus of $3.79 billion, according to data from Benzinga Pro. IQVIA Holdings shares jumped 7.4% to $241.07 on Monday. Here are some other big stocks recording gains in today’s session. Tellurian Inc. (NASDAQ:TELL) shares surged 64.5% to
Reddit, Inc. (NYSE:RDDT) shares are trading higher Monday. The company reportedly announced a new partnership program with several major sports leagues. The Details: Reddit said the new partnerships with the NFL, NBA, MLB, PGA Tour, and NASCAR will allow fans access to video highlights from games and tournaments, player AMAs, behind-the-scenes videos, and more special content on Reddit's platform. Reddit said the partnerships will also benefit advertisers by allowing them to align with the expanded fan content on Reddit. Read Next: Serve Robotics Stock Rises After Nvidia Discloses 10% Stake Reddit's stock has risen more than 45% since its March 2024 IPO and recently marked an al
https://www.theinformation.com/articles/reddit-teams-up-with-the-nfl-nba-to-boost-revenue
Social media stocks Reddit, Inc. (NYSE:RDDT) and Trump Media & Technology Group Corp. (NASDAQ:DJT) were among high-profile public listings in March and their fortunes have diverged. Here’s a rundown on how the shares have fared since their listings vis-a-vis fundamentals and what lies ahead. TMTG’s Roller-Coaster Ride: TMTG, the parent of the Truth Social platform, is owned by Republican presidential candidate Donald Trump, and the company completed a long-delayed merger with the SPAC Digital World Acquisition Corp on March 25. The shares of the company began trading on the Nasdaq on March 26. Ahead of the listing, the shares of the SPAC jumped about 35% on March 25 amid the confirmat
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Jefferies initiated coverage of Reddit with a rating of Buy and set a new price target of $90.00
B. Riley Securities initiated coverage of Reddit with a rating of Buy and set a new price target of $75.00
Loop Capital upgraded Reddit from Hold to Buy and set a new price target of $75.00
ROTH MKM reiterated coverage of Reddit with a rating of Buy and set a new price target of $67.00 from $61.00 previously
Loop Capital downgraded Reddit from Buy to Hold and set a new price target of $75.00
Needham reiterated coverage of Reddit with a rating of Buy and set a new price target of $63.00 from $55.00 previously
BofA Securities initiated coverage of Reddit with a rating of Neutral and set a new price target of $46.00
Deutsche Bank initiated coverage of Reddit with a rating of Buy and set a new price target of $50.00
Citigroup initiated coverage of Reddit with a rating of Buy and set a new price target of $53.00
JMP Securities initiated coverage of Reddit with a rating of Mkt Outperform and set a new price target of $53.00
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Reddit, Inc. (NYSE:RDDT), announced today that the company's third quarter 2024 financial results will be released after market close on Tuesday, October 29, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Tuesday, October 29, 2024, and post responses following the earnings call at Reddit's Invest
Reddit, Inc. (NYSE:RDDT), announced today that the company's second quarter 2024 financial results will be released after market close on Tuesday, August 6, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Tuesday, August 6, 2024, and post responses following the earnings call at Reddit's Invest
Reddit, Inc. (NYSE:RDDT), announced today that the company's first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Tuesday, May 7, 2024, and post responses following the earnings call at Reddit's Investor Rela
Daily Active Uniques ("DAUq") increased 47% year-over-year to 97.2 million Strong revenue growth of 68% to $348.4 million Achieved GAAP profitability with net income of $29.9 million and net margin of 8.6% Adjusted EBITDA1 of $94.1 million and Adjusted EBITDA1 margin of 27.0% Positive operating cash flow of $71.6 million and Free Cash Flow1 of $70.3 million, invested $66 million to net settle 1.2 million employee shares Reddit, Inc. (NYSE:RDDT) today announced financial results for the quarter ended September 30, 2024. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc
Reddit, Inc. (NYSE:RDDT), announced today that the company's third quarter 2024 financial results will be released after market close on Tuesday, October 29, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Tuesday, October 29, 2024, and post responses following the earnings call at Reddit's Invest
Reddit, Inc. (NYSE:RDDT), announced that on Wednesday, September 11, 2024, Steve Huffman, Reddit Co-Founder and CEO, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA. The session will begin at 10:50 a.m. PT / 1:50 p.m. ET. During the fireside chat, Mr. Huffman will also address questions submitted in advance by Reddit users in the investor relations subreddit, r/RDDT. A live webcast and replay will be available on Reddit's Investor Relations website at https://investor.redditinc.com and r/RDDT at https://www.reddit.com/r/RDDT/. About Reddit, Inc. Reddit is a community of communities. It's built on shared interests, pa
Strong Q2 results, including both revenue and users each growing over 50% year-over-year Daily Active Uniques ("DAUq") increased 51% year-over-year to 91.2 million Revenue increased 54% to $281.2 million, more than doubling growth rate from prior year Net loss reduced to $10.1 million. Positive Adjusted EBITDA1 of $39.5 million, up $74.9 million, with 14% Adjusted EBITDA margin, up over 3000 basis points from prior year Operating cash flow of $28.4 million and Free Cash Flow1 $27.2 million, up $82.1 million from prior year Reddit, Inc. (NYSE:RDDT) today announced financial results for the quarter ended June 30, 2024. Reddit's complete financial results and management commentary ca
Reddit, Inc. (NYSE:RDDT), announced today that the company's second quarter 2024 financial results will be released after market close on Tuesday, August 6, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Tuesday, August 6, 2024, and post responses following the earnings call at Reddit's Invest
NYSE issuers raise $12 billion as IPO activity builds momentum Welcomes 7 of the 10 largest U.S. transactions The Big Board continues to drive exchange transfers The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported an industry-leading $12 billion in IPO proceeds for the first half of 2024, setting the pace globally as IPO activity regained momentum compared to the prior two years. The NYSE listed 7 of the 10 largest U.S. transactions so far this year, including the two largest IPOs: Viking Holdings (NYSE:VIK) and Amer Sports (NYSE:AS). The exchange also led the re-emergence of technology IPO
Total Media Quality for Reddit Empowers Global Advertisers with Industry-Leading Brand Safety and Suitability, Viewability, and Invalid Traffic Measurement NEW YORK, June 13, 2024 /PRNewswire/ -- Integral Ad Science (NASDAQ:IAS), a leading global media measurement and optimization platform, today announced a partnership with Reddit (NYSE:RDDT), a community platform powered by authenticity and human ideas, to provide advertisers with the confidence to scale their campaigns across Reddit through IAS's AI-driven Total Media Quality (TMQ) product suite. The partnership will give
Reddit, Inc. (NYSE:RDDT), announced its planned participation in two upcoming conferences. Jen Wong, Reddit's COO, will participate in Needham's 19th Annual Needham Technology, Media, and Consumer Conference on Wednesday, May 15, 2024 at 8:45 a.m. Eastern Time Steve Huffman, Reddit's Co-Founder & CEO, will participate in J.P. Morgan's 52nd Annual Global Technology, Media, and Communications Conference on Monday, May 20, 2024 at 8:40 a.m. Eastern Time Live webcasts and replays of the fireside chats will be available on Reddit's investor relations website at https://investor.redditinc.com and investor relations subreddit r/RDDT at https://www.reddit.com/r/RDDT/ About Reddit, Inc. Re
Record user traffic, Daily Active Uniques ("DAUq") increased 37% to 82.7 million Revenue increased 48% to $243.0 million, nearly doubling growth rate from prior quarter Net loss driven by IPO expenses, first profitable Q1 on an Adjusted EBITDA basis Operating cash flow of $32.1 million and positive free cash flow of $29.2 million Reddit, Inc. (NYSE:RDDT) today announced financial results for the quarter ended March 31, 2024. Reddit's complete financial results and management commentary can be found in its shareholder letter on Reddit's Investor Relations website at https://investor.redditinc.com and investor relations subreddit r/RDDT at https://www.reddit.com/r/RDDT/. "It was a s
Reddit, Inc. (NYSE:RDDT), announced today that the company's first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024. Reddit will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the conference call and related earnings materials can be accessed at Reddit's Investor Relations website at investor.redditinc.com and investor relations subreddit r/RDDT. A replay of the webcast will also be available following the call at the same websites. Reddit will solicit questions from the community at r/RDDT on Tuesday, May 7, 2024, and post responses following the earnings call at Reddit's Investor Rela
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