Reddit (RDDT) Stock Forecast, Price Target & Predictions
RDDT Stock Forecast
Reddit stock forecast is as follows: an average price target of $85.47 (represents a -35.28% downside from RDDT’s last price of $132.06) 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 -35.28% downside from RDDT's last price of $132.06.
RDDT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 30, 2024 | Laura Martin | Needham | $120.00 | $113.77 | 5.48% | -9.13% |
| Oct 30, 2024 | Rohit Kulkarni | Roth Capital | $116.00 | $109.65 | 5.79% | -12.16% |
| Oct 30, 2024 | Naved Khan | B.Riley Financial | $112.00 | $110.13 | 1.70% | -15.19% |
| Oct 30, 2024 | Alan Gould | Loop Capital Markets | $120.00 | $109.81 | 9.28% | -9.13% |
| Oct 30, 2024 | Thomas Champion | Piper Sandler | $115.00 | $105.11 | 9.40% | -12.92% |
| Oct 30, 2024 | Eric Sheridan | Goldman Sachs | $105.00 | $81.74 | 28.46% | -20.49% |
| Oct 30, 2024 | Justin Post | Bank of America Securities | $99.00 | $81.74 | 21.12% | -25.03% |
| Oct 21, 2024 | Naved Khan | B.Riley Financial | $87.00 | $79.38 | 9.60% | -34.12% |
| Oct 21, 2024 | Ben Black | Deutsche Bank | $85.00 | $80.90 | 5.07% | -35.64% |
| Oct 07, 2024 | Doug Anmuth | J.P. Morgan | $77.00 | $71.29 | 8.01% | -41.69% |
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 -9.13% decrease from RDDT last price ($132.06).
Reddit Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 9 | 12 | 37 |
| Avg Price Target | $106.56 | $97.58 | $72.11 |
| Last Closing Price | $132.06 | $132.06 | $132.06 |
| Upside/Downside | -19.31% | -26.11% | -45.40% |
In the current month, the average price target of Reddit stock is $106.56, according to 9 Wall Street analysts offering twelve months forecast. The average price target represents a -19.31% decrease as opposed to Reddit's last price of $132.06. This month's average price target is up 9.20% compared to last quarter, and up 47.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | Needham | Buy | Buy | Hold |
| Oct 30, 2024 | Roth Capital | Buy | Buy | Hold |
| Oct 30, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Oct 30, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Oct 30, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Oct 30, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Oct 22, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 21, 2024 | B. Riley | Buy | Buy | Hold |
| Oct 21, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Oct 14, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 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 | $631.35M | $548.54M | $457.75M | $421.72M | $518.86M | $459.59M | $392.80M | $367.59M | $409.90M | $315.73M | $253.86M | $214.00M |
| Low Forecast | $568.03M | $493.53M | $411.84M | $379.43M | $466.83M | $413.50M | $353.41M | $302.96M | $391.72M | $311.50M | $253.86M | $213.99M |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 5 | 10 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 5 | 10 |
| 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 | $-131.34M | $-114.11M | $-95.23M | $-87.73M | $-107.94M | $-95.61M | $-81.72M | $-70.05M | $-90.57M | $-72.03M | $-58.70M | $-49.48M |
| Low Forecast | $-145.98M | $-126.83M | $-105.84M | $-97.51M | $-119.97M | $-106.27M | $-90.83M | $-84.99M | $-94.78M | $-73.00M | $-58.70M | $-49.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - |
undefined analysts predict RDDT's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Reddit's previous annual EBITDA (undefined) of $NaN.
Reddit Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 5 | 10 |
| 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 | $141.76M | $91.79M | $38.75M | $1.02M | $82.86M | $48.21M | $5.37M | $2.61M | $57.22M | $-12.90M | $-56.65M | $-1.56B |
| Low Forecast | $123.52M | $79.98M | $33.77M | $888.66K | $72.20M | $42.00M | $4.68M | $-39.15M | $6.36M | $-14.81M | $-65.01M | $-1.79B |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 5 | 10 |
| 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 | $338.82M | $294.38M | $245.65M | $226.32M | $278.45M | $246.64M | $210.80M | $197.27M | $219.98M | $169.44M | $136.23M | $114.85M |
| Low Forecast | $304.84M | $264.86M | $221.02M | $203.62M | $250.53M | $221.91M | $189.66M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 5 | 10 |
| 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 | $0.30 | $-0.07 | $-0.29 | $-8.09 |
| Low Forecast | $0.64 | $0.42 | $0.18 | - | $0.38 | $0.22 | $0.02 | $-0.20 | $0.03 | $-0.08 | $-0.34 | $-9.28 |
| 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).