While Reddit Inc has underperformed by -19.92%, investors are advised to look at stock chart patterns for technical insight.
On February 06, 2025, Seaport Research Partners started tracking Reddit Inc (NYSE: RDDT) recommending Neutral. A report published by ROTH MKM on January 22, 2025, Downgraded its rating to ‘Neutral’ for RDDT. Guggenheim also rated RDDT shares as ‘Buy’, setting a target price of $210 on the company’s shares in an initiating report dated December 20, 2024. Wells Fargo Initiated an Overweight rating on December 11, 2024, and assigned a price target of $206. Morgan Stanley December 09, 2024d its ‘Equal-Weight’ rating to ‘Overweight’ for RDDT, as published in its report on December 09, 2024. Jefferies’s report from October 09, 2024 suggests a price prediction of $90 for RDDT shares, giving the stock a ‘Buy’ rating. B. Riley Securities also rated the stock as ‘Buy’.
Analysis of Reddit Inc (RDDT)
Further, the quarter-over-quarter increase in sales is 71.25%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Reddit Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -27.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 12.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and RDDT is recording an average volume of 6.32M. On a monthly basis, the volatility of the stock is set at 8.17%, whereas on a weekly basis, it is put at 12.57%, with a loss of -33.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $209.57, showing growth from the present price of $107.29, which can serve as yet another indication of whether RDDT is worth investing in or should be passed over.
How Do You Analyze Reddit Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 39.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 52.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RDDT shares are owned by institutional investors to the tune of 52.92% at present.
