Analysts Offer Insights on Communication Services Companies: Nextdoor Holdings (NXDR) and Reddit Inc Class A (RDDT)
Analysts fell to the sidelines weighing in on Nextdoor Holdings (NXDR – Research Report) and Reddit Inc Class A (RDDT – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Nextdoor Holdings (NXDR)
Truist Financial analyst Youssef Squali maintained a Hold rating on Nextdoor Holdings today. The company’s shares closed last Thursday at $1.74, close to its 52-week low of $1.55.
According to TipRanks.com, Squali is a 4-star analyst with an average return of
Nextdoor Holdings has an analyst consensus of Hold, with a price target consensus of $2.15, which is a 29.5% upside from current levels. In a report released yesterday, B. Riley Securities also maintained a Hold rating on the stock with a $2.20 price target.
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Reddit Inc Class A (RDDT)
In a report released yesterday, Brad Erickson from RBC Capital maintained a Hold rating on Reddit Inc Class A, with a price target of $250.00. The company’s shares closed last Thursday at $146.13.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of
Currently, the analyst consensus on Reddit Inc Class A is a Moderate Buy with an average price target of $237.36, implying a 62.5% upside from current levels. In a report issued on February 6, TipRanks – Anthropic also downgraded the stock to Hold with a $162.00 price target.
