25-06-2025
RBC Capital Keeps Their Hold Rating on Reddit Inc Class A (RDDT)
RBC Capital analyst Brad Erickson maintained a Hold rating on Reddit Inc Class A (RDDT – Research Report) yesterday and set a price target of $125.00. The company's shares closed yesterday at $140.79.
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According to TipRanks, Erickson is a 5-star analyst with an average return of 19.9% and a 55.88% success rate. Erickson covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Zillow Group Class A.
Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $147.95.
Based on Reddit Inc Class A's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $392.36 million and a net profit of $26.16 million. In comparison, last year the company earned a revenue of $242.96 million and had a GAAP net loss of $575.07 million
