Why Reddit Stock Is Plummeting Today
According to recent reports, X is looking to raise capital by selling stakes valuing the company at $44 billion -- the same price that Tesla CEO Elon Musk acquired the business at in 2022. After today's pullback, Reddit has a market capitalization of roughly $31 billion.
Reddit Stock: A Deep Dive Into Analyst Perspectives (29 Ratings)
In the assessment of 12-month price targets, analysts unveil insights for Reddit, presenting an average target of $196.93, a high estimate of $250.00, and a low estimate of $160.00. This upward trend is evident, with the current average reflecting a 29.53% increase from the previous average price target of $152.04.
6hon MSN
While shares of Reddit (NYSE: RDDT) tumbled following its Q4 earnings report, the social media company's stock is still up a ...
Even accounting for its recent sell-off, Reddit stock is up big in recent months. One hedge fund revealed it took a big stake ...
RDDT benefits from strong user growth, AI-driven partnerships and a surge in ad revenues. However, concerns over valuation ...
Business Insider on MSN10d
Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt trafficCEO Steve Huffman said a Google algorithm tweak caused "volatility" on the site.
Reddit stock is down Thursday after the social media platform fell short of expectations on a key metric for its fourth ...
In addition to a miss on quarterly EPS, Reddit's daily active users in the December quarter hit 101.7 million, less than the ...
Piper Sandler analyst Thomas Champion raised the firm’s price target on Reddit (RDDT) to $220 from $210 and keeps an Overweight rating on the ...
Reddit shares tumbled after the social-media company reported slower-than-expected growth in users. Daily users totaled 101.7 ...
Reddit stock has dropped roughly 23% since its earnings report last week, coming off a six-month rally that saw shares ...
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