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Reddit, Inc. (RDDT)
NYSE: RDDT · Real-Time Price · USD
128.40
+3.62 (2.90%)
Nov 18, 2024, 3:20 PM EST - Market open

Reddit Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Reddit stock have an average target of 91, with a low estimate of 54 and a high estimate of 120. The average target predicts a decrease of -29.13% from the current stock price of 128.40.

Analyst Consensus: Buy
Target Low Average Median High
Price $54 $91 $85 $120
Change -57.94% -29.13% -33.80% -6.54%

Analyst Ratings

The average analyst rating for Reddit stock from 19 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 65891010
Buy 222222
Hold 676666
Sell 111111
Strong Sell 000000
Total 151517181919

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Mark Shmulik
Bernstein
 Bernstein
Sell
Maintains
$65 → $85
 Sell Maintains $65 → $85 -33.80% Oct 30, 2024
Ronald Josey
Citigroup
 Citigroup
Strong Buy
Maintains
$70 → $120
 Strong Buy Maintains $70 → $120 -6.54% Oct 30, 2024
Alan Gould
Loop Capital
 Loop Capital
Strong Buy
Maintains
$90 → $120
 Strong Buy Maintains $90 → $120 -6.54% Oct 30, 2024
Andrew Boone
JMP Securities
 JMP Securities
Buy
Maintains
$84 → $118
 Buy Maintains $84 → $118 -8.10% Oct 30, 2024
Rohit Kulkarni
Roth MKM
 Roth MKM
Strong Buy
Maintains
$89 → $116
 Strong Buy Maintains $89 → $116 -9.66% Oct 30, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
1.30B
from 804.03M
Increased by 61.44%
Revenue Next Year
1.68B
from 1.30B
Increased by 29.35%
EPS This Year
-4.56
from -1.54
EPS Next Year
0.68
from -4.56
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
228.91M484.92M666.70M804.03M1.30B1.68B2.04B
Revenue Growth
-111.84%37.49%20.60%61.44%29.35%21.50%
EPS
-1.23-2.47-2.77-1.54-4.560.681.42
EPS Growth
------109.18%
Forward PE
-----188.5390.13
No. Analysts ----181817
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 1.4B 1.8B 2.3B
Avg 1.3B 1.7B 2.0B
Low 1.2B 1.5B 1.7B

Revenue Growth

Revenue Growth 202420252026
High
67.9%
38.0%
34.8%
Avg
61.4%
29.4%
21.5%
Low
53.7%
14.6%
3.8%

EPS Forecast

EPS 202420252026
High -2.78 1.42 2.48
Avg -4.56 0.68 1.42
Low -7.78 0.23 0.60

EPS Growth

EPS Growth 202420252026
High - -
263.9%
Avg - -
109.2%
Low - -
-12.2%
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.