Reddit (RDDT) Stock Forecast, Price Target & Predictions


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RDDT Stock Forecast


Reddit stock forecast is as follows: an average price target of $85.47 (represents a -21.61% downside from RDDT’s last price of $109.03) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

RDDT Price Target


The average price target for Reddit (RDDT) is $85.47 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $120.00 to $45.00. This represents a potential -21.61% downside from RDDT's last price of $109.03.

RDDT Analyst Ratings


Buy

According to 17 Wall Street analysts, Reddit's rating consensus is 'Buy'. The analyst rating breakdown for RDDT stock is 1 'Strong Buy' (5.88%), 13 'Buy' (76.47%), 3 'Hold' (17.65%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Reddit Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Laura MartinNeedham$120.00$113.775.48%10.06%
Oct 30, 2024Rohit KulkarniRoth Capital$116.00$109.655.79%6.39%
Oct 30, 2024Naved KhanB.Riley Financial$112.00$110.131.70%2.72%
Oct 30, 2024Alan GouldLoop Capital Markets$120.00$109.819.28%10.06%
Oct 30, 2024Thomas ChampionPiper Sandler$115.00$105.119.40%5.48%
Oct 30, 2024Eric SheridanGoldman Sachs$105.00$81.7428.46%-3.70%
Oct 30, 2024Justin PostBank of America Securities$99.00$81.7421.12%-9.20%
Oct 21, 2024Naved KhanB.Riley Financial$87.00$79.389.60%-20.21%
Oct 21, 2024Ben BlackDeutsche Bank$85.00$80.905.07%-22.04%
Oct 07, 2024Doug AnmuthJ.P. Morgan$77.00$71.298.01%-29.38%
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The latest Reddit stock forecast, released on Oct 30, 2024 by Laura Martin from Needham, set a price target of $120.00, which represents a 5.48% increase from the stock price at the time of the forecast ($113.77), and a 10.06% increase from RDDT last price ($109.03).

Reddit Price Target by Period


1M3M12M
# Anlaysts101737
Avg Price Target$103.60$91.53$72.11
Last Closing Price$109.03$109.03$109.03
Upside/Downside-4.98%-16.05%-33.86%

In the current month, the average price target of Reddit stock is $103.60, according to 10 Wall Street analysts offering twelve months forecast. The average price target represents a -4.98% decrease as opposed to Reddit's last price of $109.03. This month's average price target is up 13.19% compared to last quarter, and up 43.67% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024NeedhamBuyBuyHold
Oct 30, 2024Roth CapitalBuyBuyHold
Oct 30, 2024JMP SecuritiesMarket OutperformMarket OutperformHold
Oct 30, 2024Loop Capital MarketsBuyBuyHold
Oct 30, 2024Piper SandlerOverweightOverweightHold
Oct 30, 2024Bank of America SecuritiesNeutralNeutralHold
Oct 22, 2024JefferiesBuyBuyHold
Oct 21, 2024B. RileyBuyBuyHold
Oct 21, 2024Deutsche BankBuyBuyHold
Oct 14, 2024Goldman SachsNeutralNeutralHold
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Reddit's last stock rating was published by Needham on Oct 30, 2024. The company gave RDDT a "Buy" rating, the same as its previous rate.

Reddit Financial Forecast


Reddit Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24
Revenue------------
Avg Forecast$603.24M$524.12M$437.37M$402.94M$495.76M$439.12M$375.32M$342.62M$399.30M$313.61M$253.86M$213.99M
High Forecast$635.56M$552.20M$460.80M$424.53M$522.32M$462.65M$395.42M$367.59M$409.90M$315.73M$253.86M$214.00M
Low Forecast$555.43M$482.59M$402.71M$371.01M$456.47M$404.33M$345.58M$302.96M$391.72M$311.50M$253.86M$213.99M
# Analysts999988810115510
Surprise %------------

Reddit's average Quarter revenue forecast for undefined based on undefined analysts is $NaN, with a low forecast of $NaN, and a high forecast of $NaN. RDDT's average Quarter revenue forecast represents a NaN% decrease compared to the company's last Quarter revenue of $NaN (undefined).

Reddit EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24
# Analysts999988810115510
EBITDA------------
Avg Forecast$-139.48M$-121.19M$-101.13M$-93.17M$-114.63M$-101.54M$-86.78M$-79.22M$-92.33M$-72.51M$-58.70M$-49.48M
High Forecast$-128.43M$-111.58M$-93.12M$-85.79M$-105.55M$-93.49M$-79.90M$-70.05M$-90.57M$-72.03M$-58.70M$-49.48M
Low Forecast$-146.95M$-127.68M$-106.55M$-98.16M$-120.77M$-106.98M$-91.43M$-84.99M$-94.78M$-73.00M$-58.70M$-49.48M
Surprise %------------

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Reddit Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24
# Analysts999988810115510
Net Income------------
Avg Forecast$133.66M$86.55M$36.54M$961.61K$78.13M$45.45M$5.06M$-18.27M$40.27M$-13.96M$-61.30M$-1.68B
High Forecast$142.97M$92.57M$39.09M$1.03M$83.57M$48.62M$5.41M$-2.61M$105.70M$-12.52M$-54.98M$-1.51B
Low Forecast$119.89M$77.63M$32.78M$862.55K$70.08M$40.77M$4.54M$-26.10M$-10.07M$-14.93M$-65.57M$-1.80B
Surprise %------------

Reddit's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. RDDT's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Reddit SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24
# Analysts999988810115510
SG&A------------
Avg Forecast$323.73M$281.27M$234.72M$216.24M$266.05M$235.66M$201.42M$183.87M$214.29M$168.30M$136.23M$114.84M
High Forecast$341.08M$296.34M$247.29M$227.83M$280.31M$248.28M$212.21M$197.27M$219.98M$169.44M$136.23M$114.85M
Low Forecast$298.08M$258.98M$216.12M$199.11M$244.97M$216.98M$185.46M$162.58M$210.22M$167.17M$136.23M$114.84M
Surprise %------------

Reddit's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to RDDT last annual SG&A of $NaN (undefined).

Reddit EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24
# Analysts999988810115510
EPS------------
Avg Forecast$0.69$0.45$0.19$0.01$0.41$0.24$0.03$-0.10$0.21$-0.07$-0.32$-8.75
High Forecast$0.74$0.48$0.20$0.01$0.43$0.25$0.03$-0.01$0.55$-0.07$-0.29$-7.85
Low Forecast$0.62$0.40$0.17-$0.36$0.21$0.02$-0.14$-0.05$-0.08$-0.34$-9.36
Surprise %------------

According to undefined Wall Street analysts, Reddit's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to RDDT previous annual EPS of $NaN (undefined).

RDDT Forecast FAQ


Yes, according to 17 Wall Street analysts, Reddit (RDDT) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 13 'Buy' recommendations, accounting for 82.35% of RDDT's total ratings.

Reddit (RDDT) average price target is $85.47 with a range of $45 to $120, implying a -21.61% from its last price of $109.03. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RDDT stock, the company can go down by -21.61% (from the last price of $109.03 to the average price target of $85.47), up by 10.06% based on the highest stock price target, and down by -58.73% based on the lowest stock price target.

RDDT's average twelve months analyst stock price target of $85.47 does not support the claim that Reddit can reach $200 in the near future.

10 Wall Street analysts forecast a $103.6 price target for Reddit (RDDT) this month, down -4.98% from its last price of $109.03. Compared to the last 3 and 12 months, the average price target decreased by -16.05% and decreased by -33.86%, respectively.

Reddit's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.65B (high $1.75B, low $1.51B), average EBITDA is $-382M (high $-349M, low $-404M), average net income is $110.37M (high $134.99M, low $89.28M), average SG&A $887M (high $938.07M, low $809.99M), and average EPS is $0.574 (high $0.702, low $0.464). RDDT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.97B (high $2.07B, low $1.81B), average EBITDA is $-455M (high $-419M, low $-479M), average net income is $257.71M (high $275.66M, low $231.16M), average SG&A $1.06B (high $1.11B, low $972.28M), and average EPS is $1.34 (high $1.43, low $1.2).