Shares of Reddit Inc (RDDT) have recently surpassed the average analyst 12-month target price of $59.80, trading at $61.55 per share. This significant milestone prompts analysts to consider either downgrading their valuation or adjusting their target prices upward, reflecting positive fundamental developments for the company.
There are currently 15 analysts covering Reddit Inc, with a range of target prices from a low of $45.00 to a high of $70.00, and a standard deviation of $6.166. Out of recent ratings, Reddit Inc holds 7 Strong Buy, 1 Buy, 6 Hold, 0 Sell, and 1 Strong Sell, averaging a rating of 2.13—where 1 signifies Strong Buy and 5 signifies Strong Sell.
