Bernstein analyst Mark Shmulik maintains Reddit (NYSE:RDDT) with a Underperform and raises the price target from $45 to $50.
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| 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 |
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
4 - Reddit, Inc. (0001713445) (Issuer)
4 - Reddit, Inc. (0001713445) (Issuer)
4 - Reddit, Inc. (0001713445) (Issuer)
4 - Reddit, Inc. (0001713445) (Issuer)
4 - Reddit, Inc. (0001713445) (Issuer)
SC 13G - Reddit, Inc. (0001713445) (Subject)
SC 13G/A - Reddit, Inc. (0001713445) (Subject)
SC 13G - Reddit, Inc. (0001713445) (Subject)
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
10-Q - Reddit, Inc. (0001713445) (Filer)
8-K - Reddit, Inc. (0001713445) (Filer)
144 - Reddit, Inc. (0001713445) (Subject)
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
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