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The price target is based on ~32 times his 2026 adjusted EBITDA and ~32 times his 2026 free cash flow, equating to ~7.5 times his 2026 revenue estimate. Price Action: RDDT stock is down 0.62% at ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Reddit wasn’t one of them. The 10 stocks that made the cut ...
Reddit stock soared more than 40% to a record high of $117 on Wednesday after the newly public social media company reaped its first-ever post-IPO profit. ... lifted their price targets for Reddit ...
The targeted valuation, on a fully diluted basis, is less than the $10 billion Reddit was valued at after a fundraising in 2021. Reddit targets up to $6.4 billion valuation in much-awaited US IPO ...
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue that the long-term growth story for Reddit is in artificial ...
The stock jumped 42% on Wednesday, and shares have now more than tripled from their $34 initial public offering (IPO) price in March. Revenue jumped 68% in the quarter to $348.4 million, which ...
The jump pushed the stock up at $63.64, within striking distance of the record closing price of $65.11 hit in late-March, putting the company on track to add $1.2 billion to its market capitalization.
In its market debut on March 21 Reddit shares closed at $50.44, 48% above its initial public offering price. The stock is off more than 20% from its record high of $74.74 hit on Tuesday.