RDDT Price Prediction Next Week
Technical Analysis: Based on the latest technical indicators, RDDT shows bearish signals with RSI at 35.32 indicating oversold conditions. The stock is trading below its 5-day SMA (183.00) and 10-day SMA (200.04), suggesting a short-term downtrend.
Price Movement Analysis:
- Latest close: $166.40 (-5.15%)
- Current trading range: $161.88 - $176.51
- Volume: 9.94M shares
- Stock is trading below all major moving averages, indicating bearish momentum
Fibonacci Levels:
- Resistance R1: $223.62
- Support S1: $171.27
- Pivot Point: $197.44
News Impact:
- Recent analyst ratings remain positive despite price decline
- B. Riley raised price target to $222, maintaining Buy rating due to strong advertising business
- Stock included in Goldman's Hedge Fund VIP basket, which has outperformed S&P 500 YTD
- Part of recent large-cap losers, declining 18.81% last week
Price Prediction for Next Week: Based on technical indicators and recent price action:
- Bearish Scenario (70% probability): $155-160 range, testing Fibonacci S2 level
- Neutral Scenario (20% probability): $165-170 range, consolidating near current levels
- Bullish Scenario (10% probability): $171-175 range, attempting to reclaim S1 level
Recommendation: SELL
- Current technical indicators suggest continued downward pressure
- Stock is showing weakness below key moving averages
- High trading volume on down days indicates strong selling pressure
- Wait for price stabilization and technical improvement before considering new positions
RDDT Similar Chart Price Prediction
The price of RDDT is predicted to go up 4.22%, based on the high correlation periods with AR. The similarity of these two price pattern on the periods is 97.02%.
RDDT
AR
Up: 4.22%Similarity: 97.02%
RDDT Revenue Forecast
RDDT EPS Forecast
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RDDT Analyst's Forecast
Thomas Champion
Piper Sandler
Buy
2025-02-21
Price Target
$210 → $220
Upside
+32.21%
Piper Sandler raised the firm's price target on Reddit to $210 from $197 and keeps an Overweight rating on the shares. The firm notes Reddit delivered another quarter of strong results with revenues 7% above its expectation and EBITDA +33% better. Following a 30% year-to-date run into the close, expectations were stretched. That said, Piper sees the story as mostly unchanged and raises numbers. The firm expects aftermarket pressure to attract buyers.
Brian Nowak
Morgan Stanley
Buy
2025-02-13
Price Target
$200 → $210
Upside
+2.46%
Ronald Josey
Citigroup
Strong Buy
2025-02-13
Price Target
$200 → $220
Upside
+7.34%
