JMP Securities Starts Reddit (RDDT) at Market Outperform, 'a Young Platform With Multiple Growth Levers'

BofA Securities Starts Reddit (RDDT) at Neutral

BofA Securities analyst Justin Post initiates coverage on Reddit (NYSE: RDDT) with a Neutral rating and a price target of $46.00.

The analyst comments "We are initiating Reddit with a Neutral rating and $46 Price Objective. We are constructive on the social media platforms big picture... More

Analysts initiate coverage of Reddit (RDDT)

Various analysts initiated coverage of Reddit (NYSE: RDDT) in notes this week, with the overall rating currently standing as a Buy.

Citi initiated Reddit with a Buy rating and $53 price target in its note, highlighting the social media company's accelerating user engagement. They also noted that monetization is building with data licensing optionality.

JPMorgan started Reddit at Neutral with a $47 price target. The investment bank said the company has a "compelling... More

Citi Starts Reddit (RDDT) at Buy

Citi analyst Ronald Josey initiates coverage on Reddit (NYSE: RDDT) with a Buy rating and a price target of $53.00.

The analyst comments "We initiate coverage of Reddit with a Buy/High Risk rating and $53 TP. With engagement trends improving (a trend that we... More

Needham Starts Reddit (RDDT) at Buy

Needham analyst Laura Martin initiates coverage on Reddit (NYSE: RDDT) with a Buy rating and a price target of $55.00.

The analyst comments "We initiate coverage of RDDT with a Buy rating and a $55/share PT. We believe that RDDT's library of 18 years of human... More

Deutsche Bank Starts Reddit (RDDT) at Buy, 'Good Karma for Investors'

Deutsche Bank analyst Ben Black initiates coverage on Reddit (NYSE: RDDT) with a Buy rating and a price target of $50.00.

The analyst comments "We initiate on Reddit, Inc. with a Buy rating and a $50 target price. We think Reddit is on the early end of a number of positive inflections: Top-of-funnel growth is accelerating, the ad platform is in the early stages of being built to address lower funnel objectives, the... More

JPMorgan Starts Reddit (RDDT) at Neutral, 'Strong Execution Required & Valuation Healthy'

JPMorgan analyst Doug Anmuth initiates coverage on Reddit (NYSE: RDDT) with a Neutral rating and a price target of $47.00.

The analyst comments "We are initiating coverage of Reddit with a Neutral rating & Dec 2024 price target of $47. We believe Reddits digital city comprising 100k+ subreddits represents a differentiated platform to share information, learn, & engage around specific topics/interests. Reddit is early in ads monetization (~$800M revenue in 2023), & the... More

Piper Sandler Starts Reddit (RDDT) at Overweight, 'Nascent AI Play'

(Updated - April 15, 2024 6:45 AM EDT)

Piper Sandler analyst Thomas Champion initiates coverage on Reddit (NYSE: RDDT) with a Overweight rating and a price target of $50.00.

The analyst comments "Nascent AI Play: Reddit's corpus has value, is generating Data... More

Morgan Stanley Starts Reddit (RDDT) at Equalweight, 'Much to Like, But Fairly Valued'

(Updated - April 15, 2024 4:11 AM EDT)

Morgan Stanley analyst Brian Nowak initiates coverage on Reddit (NYSE: RDDT) with a Equalweight rating and a price target of $45.00.

The analyst comments "We like RDDT's position as a unique, authentic platform and see opportunities to drive ad revenue through innovation... More

Goldman Sachs Starts Reddit (RDDT) at Neutral, 'we see debates around overall macroeconomic impacts'

(Updated - April 15, 2024 4:10 AM EDT)

Goldman Sachs analyst Eric Sheridan initiates coverage on Reddit (NYSE: RDDT) with a Neutral rating and a price target of $40.00.

The analyst comments "We are initiating coverage of Reddit (RDDT) with a Neutral rating and a $40... More

Roth/MKM Starts Reddit (RDDT) at Buy

Roth/MKM analyst Rohit Kulkarni initiates coverage on Reddit (NYSE: RDDT) with a Buy rating and a price target of $50.00.

For an analyst ratings summary and ratings history on Reddit click here. For more ratings news on Reddit click here.

Shares of Reddit closed at $42.27 yesterday.