Reddit, Inc. (RDDT)
NYSE: RDDT · Real-Time Price · USD
176.74
-0.67 (-0.38%)
At close: Dec 26, 2024, 4:01 PM
176.50
-0.24 (-0.14%)
After-hours: Dec 26, 2024, 7:51 PM EST

Reddit Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Reddit stock have an average target of 130.38, with a low estimate of 54 and a high estimate of 210. The average target predicts a decrease of -26.23% from the current stock price of 176.74.

Analyst Consensus: Buy
Target Low Average Median High
Price $54 $130.38 $116 $210
Change -69.45% -26.23% -34.37% +18.82%

Analyst Ratings

The average analyst rating for Reddit stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24
Strong Buy 589101011
Buy 222224
Hold 766665
Sell 111111
Strong Sell 000000
Total 151718191921

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Guggenheim
Guggenheim
Strong Buy
Initiates
$210
Strong Buy Initiates $210 +18.82% Dec 20, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$120$200
Strong Buy Maintains $120$200 +13.16% Dec 20, 2024
Wells Fargo
Wells Fargo
Buy
Initiates
$206
Buy Initiates $206 +16.56% Dec 11, 2024
Baird
Baird
Hold
Maintains
$100$160
Hold Maintains $100$160 -9.47% Dec 11, 2024
Needham
Needham
Strong Buy
Maintains
$120$190
Strong Buy Maintains $120$190 +7.50% Dec 11, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
1.30B
from 804.03M
Increased by 61.93%
Revenue Next Year
1.72B
from 1.30B
Increased by 32.26%
EPS This Year
-4.40
from -1.54
EPS Next Year
0.70
from -4.40
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
228.91M484.92M666.70M804.03M1.30B1.72B2.14B
Revenue Growth
-111.84%37.49%20.60%61.93%32.26%24.51%
EPS
-1.23-2.47-2.77-1.54-4.400.701.56
EPS Growth
------122.44%
Forward PE
-----252.17113.37
No. Analysts ----181817
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 1.4B 2.0B 2.6B
Avg 1.3B 1.7B 2.1B
Low 1.2B 1.6B 1.9B

Revenue Growth

Revenue Growth 202420252026
High
71.4%
50.8%
49.4%
Avg
61.9%
32.3%
24.5%
Low
54.2%
20.2%
11.7%

EPS Forecast

EPS 202420252026
High -2.78 1.42 2.63
Avg -4.40 0.70 1.56
Low -7.78 0.23 0.60

EPS Growth

EPS Growth 202420252026
High - -
274.5%
Avg - -
122.4%
Low - -
-14.7%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.