REDDIT INC-CL A (RDDT) Stock Price, Forecast & Analysis
NYSE:RDDT • US75734B1008
RDDT Key Statistics, Chart & Performance
The current stock price of RDDT is 146.13 USD. In the past month the price decreased by -34.57%. In the past year, price decreased by -11.38%.
RDDT Technical Analysis
RDDT Fundamental Analysis
ChartMill assigns a fundamental rating of 7 / 10 to RDDT. RDDT has an excellent financial health rating, but there are some minor concerns on its profitability.
RDDT Financial Highlights
Over the last trailing twelve months RDDT reported a non-GAAP Earnings per Share(EPS) of 2.62. The EPS increased by 133.89% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 24.05% | ||
| ROA | 16.35% | ||
| ROE | 18.09% | ||
| Debt/Equity | 0 |
RDDT Forecast & Estimates
35 analysts have analysed RDDT and the average price target is 258.95 USD. This implies a price increase of 77.21% is expected in the next year compared to the current price of 146.13.
For the next year, analysts expect an EPS growth of 46.27% and a revenue growth 38.98% for RDDT
RDDT Ownership
RDDT Latest News, Press Relases and Analysis
RDDT Competitors/Peers
| Symbol | Company Name | Technical Rating | Fundamental Rating | FPE | Market Cap |
|---|---|---|---|---|---|
| GOOG | ALPHABET INC-CL C | 26.28 | 3.677T | ||
| GOOGL | ALPHABET INC-CL A | 26.22 | 3.669T | ||
| META | META PLATFORMS INC-CLASS A | 21.1 | 1.627T | ||
| PINS | PINTEREST INC- CLASS A | 8.55 | 11.066B | ||
| SNAP | SNAP INC - A | 9.84 | 8.242B | ||
| MTCH | MATCH GROUP INC | 10.99 | 7.148B | ||
| DJT | TRUMP MEDIA & TECHNOLOGY GRO | N/A | 2.898B | ||
| IAC | IAC INC | 78.14 | 2.812B | ||
| CARG | CARGURUS INC | 11.24 | 2.701B |
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About RDDT
Company Profile
Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. The company is headquartered in San Francisco, California and currently employs 2,233 full-time employees. The company went IPO on 2024-03-21. Reddit is a community of communities. The company is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversations, and authentic human connections. Communities on Reddit are organized based on specific interests and are called subreddits. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. On Reddit, users can submit, vote, and comment on the topics they care about. The company has approximately 100,000+ active communities and approximately 101+ million daily active visitors.
Company Info
REDDIT INC-CL A
303 2nd Street, Suite 500S
San Francisco CALIFORNIA US
Employees: 2233
Phone: 14154948016
REDDIT INC-CL A / RDDT FAQ
What does REDDIT INC-CL A do?
Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. The company is headquartered in San Francisco, California and currently employs 2,233 full-time employees. The company went IPO on 2024-03-21. Reddit is a community of communities. The company is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversations, and authentic human connections. Communities on Reddit are organized based on specific interests and are called subreddits. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. On Reddit, users can submit, vote, and comment on the topics they care about. The company has approximately 100,000+ active communities and approximately 101+ million daily active visitors.
Can you provide the latest stock price for REDDIT INC-CL A?
The current stock price of RDDT is 146.13 USD. The price decreased by -0.9% in the last trading session.
Does REDDIT INC-CL A pay dividends?
RDDT does not pay a dividend.
What is the ChartMill rating of REDDIT INC-CL A stock?
RDDT has a ChartMill Technical rating of 0 out of 10 and a ChartMill Fundamental rating of 7 out of 10.
What is the analyst forecast for RDDT stock?
35 analysts have analysed RDDT and the average price target is 258.95 USD. This implies a price increase of 77.21% is expected in the next year compared to the current price of 146.13.
What is the expected growth for RDDT stock?
The Revenue of REDDIT INC-CL A (RDDT) is expected to grow by 38.98% in the next year. Check the estimates tab for more information on the EPS, Sales, EBIT and EBITDA future analyst estimates.
What is REDDIT INC-CL A worth?
REDDIT INC-CL A (RDDT) has a market capitalization of 27.92B USD. This makes RDDT a Large Cap stock.