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Reddit Inc
NYSE:RDDT

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Reddit Inc
NYSE:RDDT
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Price: 170.71 USD 4.27% Market Closed
Market Cap: 30B USD
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Wall Street
Price Targets

RDDT Price Targets Summary
Reddit Inc

Wall Street analysts forecast RDDT stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for RDDT is 126.12 USD with a low forecast of 70.7 USD and a high forecast of 189 USD.

Lowest
Price Target
70.7 USD
59% Downside
Average
Price Target
126.12 USD
26% Downside
Highest
Price Target
189 USD
11% Upside

RDDT Last Price Targets
Reddit Inc

The latest public price target was made on Oct 30, 2024 by Eric Sheridan from Goldman Sachs , who expects RDDT stock to drop by 38% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Eric Sheridan
Goldman Sachs
105 USD
Downside 38%
1 month ago
Oct 30, 2024
Reddit (RDDT) PT Raised to $105 at Goldman Sachs
StreetInsider
Naved Khan
B.Riley Financial
112 USD
Downside 34%
1 month ago
Oct 30, 2024
Reddit (RDDT) PT Raised to $112 at B.Riley
StreetInsider
Laura Martin
Needham
120 USD
Downside 30%
1 month ago
Oct 30, 2024
Reddit 'Remains A Favorite' For Wall Street After 'Emphatic Beat And Raise' In Q3
Benzinga
Alan Gould
Loop Capital Markets
120 USD
Downside 30%
1 month ago
Oct 30, 2024
Reddit (RDDT) PT Raised to $120 at Loop Capital
StreetInsider
Thomas Champion
Piper Sandler
115 USD
Downside 33%
1 month ago
Oct 30, 2024
Reddit (RDDT) PT Raised to $115 at Piper Sandler
StreetInsider
Justin Post
Bank of America Securities
99 USD
Downside 42%
1 month ago
Oct 30, 2024
Reddit (RDDT) PT Raised to $99 at BofA Securities
StreetInsider
Rohit Kulkarni
Roth Capital
116 USD
Downside 32%
1 month ago
Oct 30, 2024
Reddit price target raised to $116 from $89 at Roth MKM
TheFly
Ben Black
Deutsche Bank
85 USD
Downside 50%
2 months ago
Oct 21, 2024
Reddit (RDDT) PT Raised to $85 at Deutsche Bank
StreetInsider
Naved Khan
B.Riley Financial
87 USD
Downside 49%
2 months ago
Oct 21, 2024
Reddit (RDDT) PT Raised to $87 at B.Riley
StreetInsider
Doug Anmuth
J.P. Morgan
77 USD
Downside 55%
2 months ago
Oct 7, 2024
Reddit Stock Faces Caution from JP Morgan: Strong Fundamentals, But Valuation Concerns Persist
Benzinga
Naved Khan
B.Riley Financial
75 USD
Downside 56%
3 months ago
Sep 20, 2024
B.Riley Starts Reddit (RDDT) at Buy
StreetInsider
Eric Sheridan
Goldman Sachs
60 USD
Downside 65%
3 months ago
Sep 11, 2024
Reddit user and engagement growth remains strong, says Goldman Sachs
TheFly
Andrew Boone
JMP Securities
84 USD
Downside 51%
4 months ago
Aug 7, 2024
Reddit Partnerships With OpenAI, Google And Sprinklr Drive Upside: Analysts
Benzinga
Alan Gould
Loop Capital Markets
80 USD
Downside 53%
4 months ago
Aug 7, 2024
Reddit price target raised to $80 from $75 at Loop Capital
TheFly
Thomas Champion
Piper Sandler
70 USD
Downside 59%
4 months ago
Aug 7, 2024
Reddit price target raised to $70 from $65 at Piper Sandler
TheFly
Vasily Karasyov
Cannonball Research
67 USD
Downside 61%
4 months ago
Aug 6, 2024
Cannonball Research Starts Reddit (RDDT) at Buy
StreetInsider
Richard Greenfield
LightShed Partners
84 USD
Downside 51%
4 months ago
Aug 5, 2024
Reddit initiated with a Buy at LightShed Partners
TheFly
Josh Beck
Raymond James
70 USD
Downside 59%
4 months ago
Jul 31, 2024
Reddit price target raised to $70 from $65 at Raymond James
TheFly
Rohit Kulkarni
Roth Capital
67 USD
Downside 61%
4 months ago
Jul 26, 2024
Reddit price target raised to $67 from $61 at Roth MKM
TheFly
Mark Shmulik
Bernstein
50 USD
Downside 71%
5 months ago
Jul 22, 2024
Reddit price target raised to $50 from $45 at Bernstein
TheFly
Alan Gould
Loop Capital Markets
75 USD
Downside 56%
5 months ago
Jul 3, 2024
Reddit price target raised to $75 from $60 at Loop Capital
TheFly
Laura Martin
Needham
75 USD
Downside 56%
6 months ago
Jun 18, 2024
Reddit (RDDT) PT Raised to $75 at Needham
StreetInsider
Andrew Boone
JMP Securities
63 USD
Downside 63%
7 months ago
May 17, 2024
JMP Securities Reiterates Market Outperform Rating on Reddit (RDDT)
StreetInsider
Ben Black
Deutsche Bank
65 USD
Downside 62%
7 months ago
May 17, 2024
Reddit (RDDT) PT Raised to $65 at Deutsche Bank
StreetInsider
Eric Sheridan
Goldman Sachs
55 USD
Downside 68%
7 months ago
May 8, 2024
Reddit price target raised to $55 from $40 at Goldman Sachs
TheFly
Brian Nowak
Morgan Stanley
45 USD
Downside 74%
8 months ago
Apr 15, 2024
Morgan Stanley Starts Reddit (RDDT) at Equalweight, 'Much to Like, But Fairly Valued'
StreetInsider
Rohit Kulkarni
Roth Capital
50 USD
Downside 71%
8 months ago
Apr 15, 2024
Reddit initiated with a Buy at Roth MKM
TheFly
Laura Martin
Needham
55 USD
Downside 68%
8 months ago
Apr 15, 2024
Needham Starts Reddit (RDDT) at Buy
StreetInsider
Thomas Champion
Piper Sandler
50 USD
Downside 71%
8 months ago
Apr 15, 2024
Reddit initiated with an Overweight at Piper Sandler
TheFly
Josh Beck
Raymond James
50 USD
Downside 71%
8 months ago
Apr 15, 2024
Reddit initiated with a Strong Buy at Raymond James
TheFly
Alan Gould
Loop Capital Markets
55 USD
Downside 68%
8 months ago
Apr 15, 2024
Reddit initiated with a Buy at Loop Capital
TheFly
Andrew Boone
JMP Securities
53 USD
Downside 69%
8 months ago
Apr 15, 2024
JMP Securities Starts Reddit (RDDT) at Market Outperform, 'a Young Platform With Multiple Growth Levers'
StreetInsider
Ben Black
Deutsche Bank
50 USD
Downside 71%
8 months ago
Apr 15, 2024
Deutsche Bank Starts Reddit (RDDT) at Buy, 'Good Karma for Investors'
StreetInsider
Eric Sheridan
Goldman Sachs
40 USD
Downside 77%
8 months ago
Apr 15, 2024
Goldman Sachs Starts Reddit (RDDT) at Neutral, 'we see debates around overall macroeconomic impacts'
StreetInsider
Mark Shmulik
Bernstein
40 USD
Downside 77%
8 months ago
Apr 4, 2024
Bernstein SocGen Group Starts Reddit (RDDT) at Underperform, 'Beyond 2024, too many questions'
StreetInsider
Colin Sebastian
Robert W. Baird
50 USD
Downside 71%
8 months ago
Apr 3, 2024
Reddit initiated with a Neutral at Baird
TheFly
Dan Salomon
New Street
54 USD
Downside 68%
8 months ago
Mar 26, 2024
New Street Research Starts Reddit (RDDT) at Neutral after surge higher post IPO
StreetInsider
Show More Price Targets
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Eric Sheridan
Goldman Sachs
Price Target 105 USD
Upside/Downside 38%
View Source
Naved Khan
B.Riley Financial
Price Target 112 USD
Upside/Downside 34%
View Source
Laura Martin
Needham
Price Target 120 USD
Upside/Downside 30%
View Source
Alan Gould
Loop Capital Markets
Price Target 120 USD
Upside/Downside 30%
View Source
Thomas Champion
Piper Sandler
Price Target 115 USD
Upside/Downside 33%
View Source
Justin Post
Bank of America Securities
Price Target 99 USD
Upside/Downside 42%
View Source
Rohit Kulkarni
Roth Capital
Price Target 116 USD
Upside/Downside 32%
View Source
Ben Black
Deutsche Bank
Price Target 85 USD
Upside/Downside 50%
View Source
Naved Khan
B.Riley Financial
Price Target 87 USD
Upside/Downside 49%
View Source
Doug Anmuth
J.P. Morgan
Price Target 77 USD
Upside/Downside 55%
View Source
Naved Khan
B.Riley Financial
Price Target 75 USD
Upside/Downside 56%
View Source
Eric Sheridan
Goldman Sachs
Price Target 60 USD
Upside/Downside 65%
View Source
Andrew Boone
JMP Securities
Price Target 84 USD
Upside/Downside 51%
View Source
Alan Gould
Loop Capital Markets
Price Target 80 USD
Upside/Downside 53%
View Source
Thomas Champion
Piper Sandler
Price Target 70 USD
Upside/Downside 59%
View Source
Vasily Karasyov
Cannonball Research
Price Target 67 USD
Upside/Downside 61%
View Source
Richard Greenfield
LightShed Partners
Price Target 84 USD
Upside/Downside 51%
View Source
Josh Beck
Raymond James
Price Target 70 USD
Upside/Downside 59%
View Source
Rohit Kulkarni
Roth Capital
Price Target 67 USD
Upside/Downside 61%
View Source
Mark Shmulik
Bernstein
Price Target 50 USD
Upside/Downside 71%
View Source
Alan Gould
Loop Capital Markets
Price Target 75 USD
Upside/Downside 56%
View Source
Laura Martin
Needham
Price Target 75 USD
Upside/Downside 56%
View Source
Andrew Boone
JMP Securities
Price Target 63 USD
Upside/Downside 63%
View Source
Ben Black
Deutsche Bank
Price Target 65 USD
Upside/Downside 62%
View Source
Eric Sheridan
Goldman Sachs
Price Target 55 USD
Upside/Downside 68%
View Source
Brian Nowak
Morgan Stanley
Price Target 45 USD
Upside/Downside 74%
View Source
Rohit Kulkarni
Roth Capital
Price Target 50 USD
Upside/Downside 71%
View Source
Laura Martin
Needham
Price Target 55 USD
Upside/Downside 68%
View Source
Thomas Champion
Piper Sandler
Price Target 50 USD
Upside/Downside 71%
View Source
Josh Beck
Raymond James
Price Target 50 USD
Upside/Downside 71%
View Source
Alan Gould
Loop Capital Markets
Price Target 55 USD
Upside/Downside 68%
View Source
Andrew Boone
JMP Securities
Price Target 53 USD
Upside/Downside 69%
View Source
Ben Black
Deutsche Bank
Price Target 50 USD
Upside/Downside 71%
View Source
Eric Sheridan
Goldman Sachs
Price Target 40 USD
Upside/Downside 77%
View Source
Mark Shmulik
Bernstein
Price Target 40 USD
Upside/Downside 77%
View Source
Colin Sebastian
Robert W. Baird
Price Target 50 USD
Upside/Downside 71%
View Source
Dan Salomon
New Street
Price Target 54 USD
Upside/Downside 68%
View Source
Show More Price Targets
Show Less Price Targets
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Price Targets
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Revenue
Forecast

Revenue Estimate
Reddit Inc

For the last 2 years the compound annual growth rate for Reddit Inc's revenue is 29%. The projected CAGR for the next 3 years is 39%.

29%
Past Growth
39%
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Operating Income
Forecast

Operating Income Estimate
Reddit Inc

N/A
Past Growth
N/A
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

Net Income
Forecast

Net Income Estimate
Reddit Inc

N/A
Past Growth
N/A
Estimated Growth
N/A
Estimates Accuracy
N/A
Average

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is RDDT's stock price target?
Price Target
126.12 USD

According to Wall Street analysts, the average 1-year price target for RDDT is 126.12 USD with a low forecast of 70.7 USD and a high forecast of 189 USD.

What is Reddit Inc's Revenue forecast?
Projected CAGR
39%

For the last 2 years the compound annual growth rate for Reddit Inc's revenue is 29%. The projected CAGR for the next 3 years is 39%.

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