PriceTargets.com logo

Reddit - RDDT Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $124.42
  • Forecasted Upside: -25.98%
  • Number of Analysts: 20
  • Breakdown:
  • 1 Sell Ratings
  • 5 Hold Ratings
  • 13 Buy Ratings
  • 1 Strong Buy Ratings
$168.09 As of 12/18/2024 01:53 PM ET
▼ -0.7 (-0.41%)

This chart shows the closing price for RDDT by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Reddit Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for RDDT and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for RDDT

Analyst Price Target is $124.42
▼ -25.98% Downside Potential
This price target is based on 20 analysts offering 12 month price targets for Reddit in the last 3 months. The average price target is $124.42, with a high forecast of $206.00 and a low forecast of $54.00. The average price target represents a -25.98% upside from the last price of $168.09.

This chart shows the closing price for RDDT for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Moderate Buy

The current consensus among 20 investment analysts is to moderate buy stock in Reddit.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/26/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/22/2024
  • 1 strong buy ratings
  • 8 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
6/20/2024
  • 1 strong buy ratings
  • 9 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
9/18/2024
  • 1 strong buy ratings
  • 11 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
11/17/2024
  • 1 strong buy ratings
  • 13 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
12/17/2024

Latest Recommendations

  • 1 strong buy ratings
  • 13 buy ratings
  • 5 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/11/2024Wells Fargo & CompanyInitiated CoverageOverweight$206.00
12/11/2024Needham & Company LLCBoost TargetBuy ➝ Buy$120.00 ➝ $190.00
12/11/2024Robert W. BairdBoost TargetNeutral ➝ Neutral$100.00 ➝ $160.00
12/9/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight$70.00 ➝ $200.00
12/2/2024Loop CapitalBoost TargetBuy ➝ Buy$120.00 ➝ $180.00
11/25/2024Jefferies Financial GroupBoost TargetBuy ➝ Buy$120.00 ➝ $175.00
11/25/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$118.00 ➝ $160.00
11/19/2024Piper SandlerReiterated RatingOverweight ➝ Overweight$115.00 ➝ $150.00
10/30/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$84.00 ➝ $118.00
10/30/2024CitigroupBoost TargetBuy ➝ Buy$70.00 ➝ $120.00
10/30/2024Sanford C. BernsteinBoost TargetUnderperform ➝ Underperform$65.00 ➝ $85.00
10/30/2024Roth MkmBoost TargetBuy ➝ Buy$89.00 ➝ $116.00
10/30/2024B. RileyReiterated RatingBuy ➝ Buy$87.00 ➝ $112.00
10/30/2024Piper SandlerReiterated RatingOverweight ➝ Overweight$70.00 ➝ $115.00
10/30/2024Bank of AmericaBoost TargetNeutral ➝ Neutral$84.00 ➝ $99.00
10/30/2024Needham & Company LLCBoost TargetBuy ➝ Buy$85.00 ➝ $120.00
10/25/2024Loop CapitalBoost TargetBuy ➝ Buy$80.00 ➝ $90.00
10/23/2024Roth MkmBoost TargetBuy ➝ Buy$66.00 ➝ $89.00
10/22/2024Jefferies Financial GroupBoost TargetBuy ➝ Buy$90.00 ➝ $100.00
10/21/2024B. RileyBoost TargetBuy ➝ Buy$75.00 ➝ $87.00
10/14/2024The Goldman Sachs GroupBoost TargetNeutral ➝ Neutral$60.00 ➝ $68.00
10/10/2024Raymond JamesBoost TargetStrong-Buy ➝ Strong-Buy$70.00 ➝ $80.00
10/9/2024Jefferies Financial GroupInitiated CoverageBuy$90.00
10/9/2024Needham & Company LLCBoost TargetBuy ➝ Buy$75.00 ➝ $85.00
10/7/2024JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$59.00 ➝ $77.00
9/20/2024B. RileyInitiated CoverageBuy$75.00
9/19/2024B. RileyUpgradeStrong-Buy
9/18/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$75.00 ➝ $75.00
8/8/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$75.00 ➝ $75.00
8/7/2024Bank of AmericaBoost TargetNeutral ➝ Neutral$57.00 ➝ $60.00
8/7/2024JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$67.00 ➝ $59.00
8/7/2024Roth MkmLower TargetBuy ➝ Buy$67.00 ➝ $66.00
8/7/2024Piper SandlerBoost TargetOverweight ➝ Overweight$65.00 ➝ $70.00
8/6/2024Cannonball ResearchInitiated CoverageBuy$67.00
8/1/2024Loop CapitalUpgradeHold ➝ Buy$75.00 ➝ $75.00
7/31/2024Raymond JamesBoost TargetStrong-Buy ➝ Strong-Buy$65.00 ➝ $70.00
7/30/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$84.00 ➝ $84.00
7/26/2024Roth MkmBoost TargetBuy ➝ Buy$61.00 ➝ $67.00
7/23/2024Morgan StanleyBoost TargetEqual Weight ➝ Equal Weight$63.00 ➝ $70.00
7/22/2024Sanford C. BernsteinBoost TargetUnderperform ➝ Underperform$45.00 ➝ $50.00
7/16/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$70.00 ➝ $84.00
7/16/2024JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$57.00 ➝ $67.00
7/16/2024Loop CapitalDowngradeBuy ➝ Hold$75.00 ➝ $75.00
7/3/2024Loop CapitalBoost TargetBuy ➝ Buy$60.00 ➝ $75.00
6/18/2024Needham & Company LLCBoost TargetBuy ➝ Buy$63.00 ➝ $75.00
5/17/2024CitigroupBoost TargetBuy ➝ Buy$65.00 ➝ $70.00
5/17/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$63.00
5/17/2024Deutsche Bank AktiengesellschaftBoost TargetBuy ➝ Buy$62.00 ➝ $65.00
5/17/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$63.00
5/9/2024The Goldman Sachs GroupBoost TargetNeutral ➝ Neutral$40.00 ➝ $55.00
5/8/2024CitigroupBoost TargetBuy ➝ Buy$53.00 ➝ $65.00
5/8/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$53.00 ➝ $63.00
5/8/2024Sanford C. BernsteinBoost TargetUnderperform ➝ Underperform$40.00 ➝ $45.00
5/8/2024Roth MkmBoost TargetBuy ➝ Buy$50.00 ➝ $61.00
5/8/2024Piper SandlerBoost TargetOverweight ➝ Overweight$50.00 ➝ $65.00
5/8/2024Robert W. BairdBoost TargetNeutral ➝ Neutral$50.00 ➝ $59.00
5/8/2024Needham & Company LLCBoost TargetBuy ➝ Buy$55.00 ➝ $63.00
4/16/2024Bank of AmericaInitiated CoverageNeutral$46.00
4/16/2024Deutsche Bank AktiengesellschaftInitiated CoverageBuy$50.00
4/15/2024Roth CapitalReiterated RatingBuy
4/15/2024CitigroupInitiated CoverageBuy$53.00
4/15/2024The Goldman Sachs GroupInitiated CoverageNeutral$40.00
4/15/2024Raymond JamesInitiated CoverageStrong-Buy$50.00
4/15/2024Loop CapitalInitiated CoverageBuy$55.00
4/15/2024Morgan StanleyInitiated CoverageEqual Weight$45.00
4/15/2024JMP SecuritiesInitiated CoverageOutperform$53.00
4/15/2024Piper SandlerInitiated CoverageOverweight$50.00
4/15/2024Roth MkmInitiated CoverageBuy$50.00
4/15/2024JPMorgan Chase & Co.Initiated CoverageNeutral$47.00
4/15/2024Needham & Company LLCInitiated CoverageBuy$55.00
4/4/2024Sanford C. BernsteinInitiated CoverageUnderperform$40.00
4/4/2024Robert W. BairdInitiated CoverageNeutral$50.00
3/26/2024New Street ResearchInitiated CoverageNeutral$54.00
(Data available from 12/18/2019 forward)

News Sentiment Rating

0.79 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 57 very positive mentions
  • 56 positive mentions
  • 7 negative mentions
  • 0 very negative mentions
Mentions as of
5/22/2024
  • 20 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/21/2024
  • 16 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
7/21/2024
  • 34 very positive mentions
  • 48 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
8/20/2024
  • 16 very positive mentions
  • 19 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
9/19/2024
  • 25 very positive mentions
  • 27 positive mentions
  • 4 negative mentions
  • 2 very negative mentions
Mentions as of
10/19/2024
  • 52 very positive mentions
  • 45 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
11/18/2024
  • 59 very positive mentions
  • 38 positive mentions
  • 11 negative mentions
  • 2 very negative mentions
Mentions as of
12/18/2024

Current Sentiment

  • 59 very positive mentions
  • 38 positive mentions
  • 11 negative mentions
  • 2 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Reddit logo
Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.
Read More

Today's Range

Now: $168.09
Low: $167.15
High: $174.39

50 Day Range

MA: $122.11
Low: $69.90
High: $178.10

52 Week Range

Now: $168.09
Low: $37.35
High: $180.74

Volume

3,116,771 shs

Average Volume

5,158,295 shs

Market Capitalization

$29.51 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Reddit?

The following Wall Street analysts have issued reports on Reddit in the last twelve months: B. Riley, Bank of America Co., Cannonball Research, Citigroup Inc., Deutsche Bank Aktiengesellschaft, Jefferies Financial Group Inc., JMP Securities, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Needham & Company LLC, New Street Research, Piper Sandler, Raymond James, Robert W. Baird, Roth Capital, Roth Mkm, Sanford C. Bernstein, The Goldman Sachs Group, Inc., and Wells Fargo & Company.
View the latest analyst ratings for RDDT.

What is the current price target for Reddit?

0 Wall Street analysts have set twelve-month price targets for Reddit in the last year. Their average twelve-month price target is $124.42, suggesting a possible downside of 26.4%. Wells Fargo & Company has the highest price target set, predicting RDDT will reach $206.00 in the next twelve months. New Street Research has the lowest price target set, forecasting a price of $54.00 for Reddit in the next year.
View the latest price targets for RDDT.

What is the current consensus analyst rating for Reddit?

Reddit currently has 1 sell rating, 5 hold ratings, 13 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for RDDT.

What other companies compete with Reddit?

Other companies that are similar to Reddit include MercadoLibre, PayPal, Relx, Fiserv and Trip.com Group. Learn More about companies similar to Reddit.

How do I contact Reddit's investor relations team?

Reddit's physical mailing address is 303 2nd Street, Suite 500S, San Francisco, CA 94107, United States. The company's listed phone number is (415) 494-8016 and its investor relations email address is [email protected]. The official website for Reddit is www.redditinc.com. Learn More about contacing Reddit investor relations.