⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

Reddit Inc (RDDT)

NYSE
Currency in USD
149.83
+8.19(+5.78%)
Closed
Pre Market
151.89+2.06(+1.37%)
RDDT Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
141.00151.56
52 wk Range
37.35158.49
Key Statistics
Edit
Prev. Close
149.83
Open
141
Day's Range
141-151.56
52 wk Range
37.35-158.49
Volume
5.97M
Average Volume (3m)
5.98M
1-Year Change
-
Book Value / Share
unlockUnlock
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
RDDT Scorecardpro icon
Company’s Health
pro lockUnlock
Fair Value
pro lockUnlock Price
Fair Pricepro lock
Upsidepro lock
Price Target
121.88
Downside
-18.65%
Members' Sentiments
Bearish
Bullish
ProTips
Net income is expected to grow this year
Show more

Reddit Company Profile

Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.

Employees
0

Reddit Inc SWOT Analysis


Financial Momentum
Reddit's Q3 2024 results showcase impressive growth, with revenue up 55% YoY to $310 million and positive GAAP net income, signaling strong monetization potential
User Engagement Surge
Explore Reddit's thriving user base, with 91.2 million Daily Active Users in Q3 2024, a 51% YoY increase, driven by enhanced user experience and content relevance
Data Licensing Goldmine
Delve into Reddit's lucrative data licensing deals with tech giants, potentially adding $54 million in annual EBITDA and opening doors for further partnerships
Global Expansion Strategy
Learn about Reddit's international growth acceleration through machine translation initiatives, targeting key markets like France, Spain, and Germany
Read full SWOT analysis

Compare RDDT to Peers and Sector

Metrics to compare
RDDT
Peers
Sector
Relationship
P/E Ratio
−49.0x−2.0x4.9x
PEG Ratio
0.41−0.580.01
Price/Book
13.3x5.6x1.8x
Price / LTM Sales
23.4x1.8x1.4x
Upside (Analyst Target)
−23.2%18.0%23.1%
Fair Value Upside
Unlock15.6%14.2%Unlock

Analysts' Recommendations

10 Buy
6 Hold
1 Sell
Ratings:
17 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 121.88

(-18.65% Downside)

FAQ

What Is the Reddit (RDDT) Stock Price Today?

The Reddit stock price today is 149.83.

What Stock Exchange Does Reddit Trade On?

Reddit is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Reddit?

The stock symbol for Reddit is "RDDT."

What Is the Reddit Market Cap?

As of today, Reddit market cap is 26.31B.

What is Reddit Earnings Per Share?

The Reddit EPS is -4.62.

What Is the Next Reddit Earnings Date?

Reddit will release its next earnings report on 25 Feb 2025.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.