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
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 '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
---|---|---|---|---|---|---|
Strong Buy | 5 | 8 | 9 | 10 | 10 | 11 |
Buy | 2 | 2 | 2 | 2 | 2 | 4 |
Hold | 7 | 6 | 6 | 6 | 6 | 5 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 15 | 17 | 18 | 19 | 19 | 21 |
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 |
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
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
High | 71.4% | 50.8% | 49.4% |
Avg | 61.9% | 32.3% | 24.5% |
Low | 54.2% | 20.2% | 11.7% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
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 | 2024 | 2025 | 2026 |
---|---|---|---|
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.