Reddit Inc [NYSE: RDDT] gained 7.70% on the last trading session, reaching $194.75 price per share at the time.
If compared to the average trading volume of 6.93M shares, RDDT reached a trading volume of 5361357 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Reddit Inc [RDDT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RDDT shares is $179.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RDDT stock is a recommendation set at 1.82. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Reddit Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 22, 2025. While these analysts kept the previous recommendation, Guggenheim raised their target price to Buy. The new note on the price target was released on December 20, 2024, representing the official price target for Reddit Inc stock. Previously, the target price had yet another raise to $206, while Wells Fargo analysts kept a Overweight rating on RDDT stock. On December 09, 2024, analysts increased their price target for RDDT shares from 70 to 200.
The Average True Range (ATR) for Reddit Inc is set at 11.19, with the Price to Sales ratio for RDDT stock in the period of the last 12 months amounting to 30.47. The Price to Book ratio for the last quarter was 17.15, with the Price to Cash per share for the same quarter was set at 9.94. Price to Free Cash Flow for RDDT in the course of the last twelve months was 326.81 with Quick ratio for the last quarter at 11.96.
Trading performance analysis for RDDT stock
Reddit Inc [RDDT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.41. With this latest performance, RDDT shares gained by 9.77% in over the last four-week period, additionally plugging by 212.30% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RDDT stock in for the last two-week period is set at 67.42, with the RSI for the last a single of trading hit 71.69, and the three-weeks RSI is set at 65.65 for Reddit Inc [RDDT]. The present Moving Average for the last 50 days of trading for this stock 162.11, while it was recorded at 184.74 for the last single week of trading, and 89.02 for the last 200 days.
Reddit Inc [RDDT]: A deeper dive into fundamental analysis
Reddit Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.96 and a Current Ratio set at 11.96.
An analysis of Institutional ownership at Reddit Inc [RDDT]
There are presently around $68.60%, or 87.61%% of RDDT stock, in the hands of institutional investors. The top three institutional holders of RDDT stocks are: INCLUSIVE CAPITAL PARTNERS, L.P. with ownership of 2.09 million shares, which is approximately 1.2711%. T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 1.65 million shares of the stock with an approximate value of $$105.23 million in RDDT stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $$104.0 million in RDDT stock with ownership which is approximately 0.9903%.
