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Mar 18 Trending Stocks and Price Prediction – Reddit, DWAC / Trump, Ocugen, Chipotle, Micron and more

Amid evolving market landscapes, our analysis underscores significant valuation shifts in key players. Reddit Inc (NYSE: RDDT), following a robust IPO, is anticipated to see its stock potentially climb to the $90-$100 range by 2025, buoyed by its strong market debut and the increasing significance of digital community platforms. Concurrently, the Digital World Acquisition Corp (DWAC) merger with Trump Media & Technology Group signals a bullish forecast for DWAC shares, hinting at a surge towards $125. This report navigates through these projections, offering a comprehensive view of the potential market trajectories for these entities, alongside other notable firms such as Ocugen Inc, Chipotle Mexican Grill Inc, and Micron Technology Inc, each presenting unique investment prospects in their respective sectors.

Reddit Inc – Price Prediction $90-$100

NYSE: RDDT

Reddit Inc (NYSE: RDDT) has shown a notable performance since its recent IPO, with its share price reaching $62.80 in after-hours trading as of March 25, 2024, following a 30% increase to close at $59.80 on the same day​ (Stock Analysis)​. The company, known for its digital community platform, debuted on the NYSE with a significant interest from investors, indicating a strong market presence​ (Seeking Alpha)​.

Considering Reddit’s current momentum and the growing interest in digital community platforms, I predict that by 2025, Reddit’s stock could potentially reach the range of $90-$100. This estimation is based on its recent market performance, the expanding role of social media and online communities in digital communication, and the potential for Reddit to capitalize on new revenue streams, including advertising and premium services.

https://investor.redditinc.com/

Digital World Acquisition Corp – Price Prediction $125

NASDAQ: DWAC

The recent completion of the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group (TMTG), which owns Truth Social, marks a significant event in the financial markets. This merger, approved by DWAC shareholders on March 23, 2024, leads to the newly merged entity trading on the Nasdaq under the ticker “DJT” starting March 26, 2024.

Truth Social, launched in February 2022, has garnered around 5 million active users across mobile and web platforms by February 2024. While not matching the user base of giants like TikTok and Facebook, it stands out among alternative tech platforms like Parler and Gettr.

Former President Donald Trump, holding a majority stake in the new company estimated to be worth around $4 billion as of March 25, 2024, stands to gain significantly from this merger. However, the accessibility of this potential financial boon might be constrained by a lockup period post-merger.

In the days leading up to the merger, DWAC’s share price exhibited volatility but trended upward overall, especially after the merger’s successful completion, which saw a surge of over 38% in its share price on March 25, 2024.

Forecasts from sources like Coincodex and Coinpriceforecast.com suggest optimistic future valuations for DWAC shares, predicting a rise to $60.19 by March 31, 2024, and further to $125 by the end of 2024, with a potential to reach $150 by mid-2026.

https://www.dwacspac.com/

Ocugen Inc – Price Prediction – $7.00

NASDAQ: OCGN

For Ocugen Inc (OCGN), the price predictions for 2025 show a diverse range of expectations from various analysts. One analysis indicates an average price target of $3.4032, with the potential to reach as high as $3.7843 and as low as $3.022, suggesting an approximate 86% rise from the last noted price​ (Stock Screener, Chart, and Price)​. Another set of analysts from TipRanks offer a more optimistic view, setting the average price target at $7.50, with the highest at $8.00 and the lowest at $7.00​ (TipRanks)​. Additionally, a forecast from WallStreetZen aligns with the higher end of these predictions, setting a uniform target at $7.00, which would imply a significant 327% increase from the current price level​ (Wall Street Zen)​.

Given these projections, it’s evident that while there’s a consensus on positive growth for Ocugen’s stock, the extent of this growth varies among analysts.

https://ir.ocugen.com/

Chipotle Mexican Grill, Inc. – Price Prediction – $4,167.84

NYSE: CMG

The price predictions for Chipotle Mexican Grill Inc (CMG) for 2025 vary across different analysts, presenting a wide range of possibilities. According to StockScan, the average price target for CMG in 2025 is estimated to be $5,145.66, with a high prediction of $6,123.48 and a low estimate of $4,167.84. This forecast indicates a significant rise, approximately +77.23%, from the last noted price of $2,903.44​ (Stock Screener, Chart, and Price)​.

MarketBeat’s recent analyst ratings provide more conservative targets for the near term, with several firms setting their price targets for CMG. For instance, Citigroup raised its target to $3,016.00, suggesting a potential upside of +10.85%. Meanwhile, Stephens upgraded its target to $3,000.00, indicating an +11.28% potential increase. These adjustments reflect a more cautious optimism compared to StockScan’s long-term outlook​ (MarketBeat)​.

WallStreetZen shows an average 12-month price target among 18 analysts at $2,665.67, with a high forecast of $3,300.00 and a low of $2,070.00. This range suggests a potential downside to a moderate upside from the current price level, with the consensus leaning towards a “Buy” rating from the majority of analysts​ (Wall Street Zen)​. Based on the analyst predictions and market trends, my forecast for Chipotle Mexican Grill Inc. (CMG) for 2025 leans towards significant growth. Considering the diverse range of predictions, a more conservative estimate would be around $4,167.84.

https://ir.chipotle.com/

Micron Technology Inc – Price Prediction – $117.94

NASDAQ: MU

The price prediction for Micron Technology Inc (NASDAQ: MU) varies among analysts, with forecasts extending into the next few years. For the near term, in 2024, predictions range with some expecting a slight decrease in price before a potential rebound. For instance, in April 2024, the average forecast suggests a price of $101.50, with a potential decrease to around $94.73 by June before rebounding to $117.94 by December​ (Stock Screener, Chart, and Price)​.

Looking further ahead into 2025, the average price is expected to incrementally rise each month, starting from $122.98 in January and potentially reaching $133.23 by December, indicating a moderate growth trend. The year 2026 continues this upward trajectory, with January starting at an average of $138.26 and potentially climbing to $176.71 by December, suggesting a more optimistic outlook​ (Stock Screener, Chart, and Price)​.

Different analysts provide various price targets for Micron Technology. Some forecasts for the next 12 months hover around an average price target of $119.85, with projections ranging from as low as $80 to as high as $225, demonstrating a wide spectrum of expectations​ (Stock Analysis)​. Another source consolidates these predictions, highlighting a strong buy consensus among analysts and setting an average 1-year price target at $125.27, which suggests a potential upside from the current levels​ (Wall Street Zen)​.

Recent analyst actions include price target updates and ratings by several firms. For example, KeyCorp raised its target to $135, Needham & Company LLC to $120, and Argus upgraded its rating to Buy with a price target of $140. UBS Group also increased its target to $120, while Citigroup significantly raised its target to $150, showing a range of optimistic viewpoints​ (MarketBeat)​.

Based on the information from various analysts, the prediction for the end of 2024 for Micron Technology Inc. (NASDAQ: MU) suggests a potential stock price of around $117.94, indicating a slight increase from current levels.

https://investors.micron.com/

GameStop Corp – Price Prediction – $17

NYSE: GME

The consensus among analysts for GameStop Corp (NYSE: GME) suggests a bearish outlook for the stock. A common price target among different sources is $6.00, indicating a significant potential downside from its current price level. This price target represents a decrease of around 60% from the stock’s recent price. Analysts have consistently rated GameStop as a “Sell,” reflecting skepticism about the stock’s performance in the coming months.

GameStop Corp (GME) stock price predictions are highly varied, reflecting differing viewpoints from several sources. The sales forecast for the next quarter is estimated at around $2.05 billion, with earnings estimates at $0.29 per share, suggesting some level of business activity and potential profitability. However, it’s important to note the absence of recent analyst ratings, which can provide more context to these numbers.

The wide range of price predictions for GME—from as high as $34.36 in one year according to gov.capital, to more conservative estimates like $12.36 by 2025 from Traders Union—illustrates the uncertainty and volatility associated with GME’s stock. This is further compounded by long-term forecasts that extend up to 2035, with predictions like reaching $17 by the middle of 2026 from Coinpriceforecast.com.

https://gamestop.gcs-web.com/

DraftKings Inc – Price Prediction – $96.50

NASDAQ: DKNG

Based on recent analyses, DraftKings Inc. (NASDAQ: DKNG) exhibits a promising outlook for 2025. Projections suggest an average price target of around $96.50, with higher estimates reaching up to $123.98, and lower bounds at approximately $67.38. This reflects a significant potential upside of over 100% from the current level​ (Stock Screener, Chart, and Price)​. In the shorter term, by 2024, the average price forecast is slightly lower, at around $59.12, indicating a more conservative growth expectation in the immediate future​ (Stock Screener, Chart, and Price)​.

Wall Street analysts also maintain a positive outlook, with an average 12-month price target of $47.56, hinting at a modest near-term upside. The highest forecast reaches $60.00, suggesting a more optimistic scenario, while the minimum forecast stands at $28.00, indicating potential risks or uncertainties that could impact the stock’s performance​ (Wall Street Zen)​.

Given these projections and the current analyst consensus, DraftKings appears to be positioned for significant growth in the coming years, particularly by 2025.

https://draftkings.gcs-web.com/

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