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Analysts Are Neutral on Top Communication Services Stocks: Reddit Inc Class A (RDDT), Nebius Group (NBIS)

Tipranks - Tipranks - Thu Jun 11, 6:36AM CDT

Analysts fell to the sidelines weighing in on Reddit Inc Class A (RDDT) and Nebius Group (NBIS) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Reddit Inc Class A (RDDT)

In a report released today, Doug Anmuth from J.P. Morgan maintained a Hold rating on Reddit Inc Class A, with a price target of $200.00. The company’s shares closed last Tuesday at $178.11.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 10.1% and a 56.0% success rate. Anmuth covers the NA sector, focusing on stocks such as StubHub Holdings Incorporation Class A, Alphabet Class A, and Alphabet Class C. ;'>

Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $218.62, implying a 22.4% upside from current levels. In a report issued on June 8, Bank of America Securities also maintained a Hold rating on the stock with a $190.00 price target.

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Nebius Group (NBIS)

In a report released today, Josh Baer from Morgan Stanley maintained a Hold rating on Nebius Group, with a price target of $144.00. The company’s shares closed last Tuesday at $220.12.

According to TipRanks.com, Baer is a 4-star analyst with an average return of 9.6% and a 47.8% success rate. Baer covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, ServiceTitan, Inc. Class A, and Zoom Video Communications. ;'>

Nebius Group has an analyst consensus of Moderate Buy, with a price target consensus of $230.88, implying a 0.4% upside from current levels. In a report issued on June 2, Exane BNP Paribas also initiated coverage with a Hold rating on the stock with a $255.00 price target.

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