Reddit, Inc. (RDDT) Stock Price, Quote & News - Stock Analysis (2024)

FAQs

Is RDDT a buy sell or hold? ›

RDDT Stock Forecast FAQ

Reddit Inc Class A has a consensus rating of Moderate Buy which is based on 9 buy ratings, 5 hold ratings and 1 sell ratings. The average price target for Reddit Inc Class A is $61.71. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

According to analysts, RDDT price target is 62.73 USD with a max estimate of 75.00 USD and a min estimate of 45.00 USD. Check if this forecast comes true in a year, meanwhile watch Reddit stock price chart and keep track of the current situation with RDDT news and stock market news.

Price-To-Sales vs Peers: RDDT is expensive based on its Price-To-Sales Ratio (13.5x) compared to the peer average (6.5x).

Short selling a stock is when a trader borrows shares from a broker and immediately sells them with the expectation that the share price will fall shortly after. If it does, the trader can buy the shares back at the lower price, return them to the broker, and keep the difference, minus any loan interest, as profit.

It still has a place in a modern investors portfolio, but newer strategies are being utilized to capture profits from the increased volatility of the market. The market is more dynamic than ever, and investors will miss out on gains from shorter term movements if they continue to buy-and-hold.

Analysts expect Teladoc Health's revenues to rise 2.2% in 2024 and 3.6% in 2025. The company's revenue growth is now down to low single digits, while it continues to post perennial losses, with analysts modeling a net loss of nearly $185 million in 2024.

By the end of 2024, we expect Zap Protocol's token to be trading between $0.20 and $0.45, although this is contingent on Bitcoin continuing to enjoy a strong run, buoyed by the recent approval of spot Bitcoin ETFs in the US.

Price-to-book ratios below 1 are usually considered solid investments. A price-to-book less than 1 ratio could mean the stock is undervalued and worth buying. A price-to-book ratio greater than 1 indicates that the stock price is trading at a premium to the company's book value.

What is normal price-to-sales ratio? ›

It also shows the amount that investors are comfortable paying for each dollar of sales per stock. While the ideal ratio depends on the company and industry, the P/S ratio is typically good when the value falls between one and two. A price-to-sales ratio with a value less than one is better.

The price-to-sales ratio (Price/Sales or P/S) is calculated by taking a company's market capitalization (the number of outstanding shares multiplied by the share price) and divide it by the company's total sales or revenue over the past 12 months. 1 The lower the P/S ratio, the more attractive the investment.

The short seller borrows those shares from an existing long and pays interest to the lender. This process is often facilitated behind the scenes by a broker. If a small amount of shares are available for shorting, then the interest costs to sell short will be higher.

Some of the common indicators that predict stock prices include Moving Averages, Relative Strength Index (RSI), Bollinger Bands, and MACD (Moving Average Convergence Divergence). These indicators help traders and investors gauge trends, momentum, and potential reversal points in stock prices.

The risks of shorting

Specifically, when you short a stock, you have unlimited downside risk but limited profit potential. This is the exact opposite of when you buy a stock, which comes with limited risk of loss but unlimited profit potential.

OUST Stock 12 Month Forecast

Based on 3 Wall Street analysts offering 12 month price targets for Ouster in the last 3 months. The average price target is $14.33 with a high forecast of $17.00 and a low forecast of $13.00. The average price target represents a 49.43% change from the last price of $9.59.

There are 91.09 M shares outstanding in DigitalOcean, which values the company at $3.16 B. Is DigitalOcean stock a Buy, Sell or Hold? DigitalOcean stock has received a consensus rating of buy.

Intercept Pharma's analyst rating consensus is a Hold. This is based on the ratings of 9 Wall Streets Analysts.

Applied Materials has a consensus rating of Moderate Buy which is based on 17 buy ratings, 7 hold ratings and 0 sell ratings.