Jim Cramer on Reddit (RDDT): ‘I Am Not a Seller' [Yahoo! Finance]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Yahoo! Finance
Jim Cramer in a recent program talked about Bitcoin and reminded investors that he has always believed in the cryptocurrency. “I want to discuss Bitcoin, really. I do—not to the detriment of stocks but in addition to stocks. I come to praise Bitcoin, not buy it. First, let's dispel the idea that I've never believed in Bitcoin. Now, if you search YouTube, you can see that I first bought Bitcoin on September 15, 2020, when it was at just over $10,000.” Cramer said he likes the idea of Bitcoin being the store of value and said he always recommended investors to allocate 10% of their portfolio to the currency. However, he again urged investors to look to stocks for the rest of their portfolios. “I heard Fed Chief J. Powell talk about how he believes people are buying Bitcoin as a store of value, like gold, because there's not much transaction done in Bitcoin. I've always endorsed keeping up to 10% of your portfolio in gold as a kind of insurance against the world's lunacy. But for
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RDDT
News
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Citigroup Inc. from $120.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) is now covered by analysts at Guggenheim. They set a "buy" rating and a $210.00 price target on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $206.00 price target on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Needham & Company LLC from $120.00 to $190.00. They now have a "buy" rating on the stock.MarketBeat
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Robert W. Baird from $100.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
RDDT
Earnings
- 10/29/24 - Beat
RDDT
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- RDDT's page on the SEC website