Stock Price & Analysis

Based on the current market data and recent analyst reports, RDDT stock is showing mixed signals. The stock is currently trading at $226.03 with a regular market percentage change of +0.36% , suggesting relatively stable trading today.

The technical indicators show an RSI of 75.19, indicating overbought conditions that could suggest caution for new buyers. The stock is trading significantly above its 20-day SMA of $190.52, which may signal a potential pullback.

Recent insider activity shows CEO Steve Huffman sold 1,630 shares on January 31, 2025, for approximately $333,824, which could be seen as a cautionary signal. Additionally, Bernstein maintains a Sell rating with a $150 price target, suggesting potential downside risk.

However, the stock has shown remarkable strength, surging 338.46% in the past year and 33.30% year-to-date. The upcoming Q4 earnings report on February 12 could be a significant catalyst for price movement.

Based on the overbought technical conditions, recent insider selling, and the significant run-up in price, selling RDDT at current levels would be prudent. The stock appears to have priced in much of its near-term growth potential.

Based on the current market data and recent analysis, RDDT stock is projected to reach $275-285 by end of 2025, driven by strong revenue growth from AI data licensing and continued user base expansion. The stock's technical indicators show bullish momentum with RSI at 75.19 and MACD at 13.96, suggesting sustained upward trend despite being slightly overbought. Recent analyst reports highlight Reddit's successful monetization strategy and competitive position in social media landscape, with the stock already up 33.30% year-to-date.

The S1 support level for RDDT Stock is $195.18 ,The R1 resistant level for RDDT Stock is $226.86.

As of the end of day on 2025-02-14, the price of RDDT Stock was $195.2.

The target price for RDDT Stock according to analyst rating is 184.59, with the highest price target at 210.00 and the lowest at 142.00. Analysts have a Moderate Buy rating on RDDT Stock overall.

The market cap of RDDT is $35.5B.

Based on the current valuation metrics and market data, RDDT shows signs of being overvalued at its current price of $226.04. The stock's P/S ratio of 9.97 in Q3 2024 is significantly higher than the industry average, indicating premium pricing. The company's PEG ratio of 6.06 is substantially above the industry average of 2.05, suggesting overvaluation relative to its growth prospects. Despite receiving a 71% rating from Validea's Value Investor model, the current price levels appear stretched considering Reddit's financial fundamentals. Technical analysis shows the stock has experienced significant volatility, with recent trading volume of 2.8M shares indicating active market interest but potentially unsustainable price levels. The forward P/E ratio of 243.91 is extremely high compared to the industry average of 27.61, further supporting the overvaluation thesis.

Reddit, Inc. operates a social platform, Reddit. The Company operates mobile applications and a Website that allows users to form communities and create and share content. Reddit is focused on bringing community, belonging, and empowerment to everyone in the world. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversation, and authentic human connections. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends.

Based on recent data and market trends, RDDT stock is projected to reach $450-500 by 2030, driven by strong revenue growth from AI data licensing and continued expansion of its advertising business. The company's technical indicators show bullish momentum with the stock trading above all major moving averages and maintaining strong RSI levels, suggesting sustained upward trajectory. Reddit's successful monetization strategy and growing user base, combined with its strategic position in social media competition against platforms like Meta and TikTok, positions it well for long-term value appreciation.

RDDT has a total of 2013 employees.