Reddit, Inc. (RDDT)
NYSE: RDDT · IEX Real-Time Price · USD
73.51
+6.92 (10.39%)
At close: Jul 2, 2024, 4:00 PM
73.60
+0.09 (0.12%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Reddit Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Reddit stock have an average target of 57, with a low estimate of 45 and a high estimate of 75. The average target predicts a decrease of -22.46% from the current stock price of 73.51.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Reddit stock from 15 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 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 |
| Buy | 2 | 2 | 2 | 2 |
| Hold | 5 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $63 → $75 | Strong Buy | Maintains | $63 → $75 | +2.03% | Jun 18, 2024 |
| Needham | Needham | Strong Buy Reiterates $63 | Strong Buy | Reiterates | $63 | -14.30% | May 17, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $63 | Buy | Reiterates | $63 | -14.30% | May 17, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $65 → $70 | Strong Buy | Maintains | $65 → $70 | -4.77% | May 17, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $62 → $65 | Strong Buy | Maintains | $62 → $65 | -11.58% | May 17, 2024 |
Financial Forecast
Revenue This Year
1.11B
from 804.03M
Increased by 38.18%
Revenue Next Year
1.35B
from 1.11B
Increased by 21.15%
EPS This Year
-6.21
from -1.54
EPS Next Year
-0.67
from -6.21
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.2B | 1.4B | 1.8B |
| Avg | 1.1B | 1.3B | 1.6B |
| Low | 1.0B | 1.2B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 46.9% | 29.4% | 30.4% |
| Avg | 38.2% | 21.2% | 21.6% |
| Low | 28.0% | 6.8% | 8.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -4.54 | -0.20 | 0.25 |
| Avg | -6.21 | -0.67 | 0.05 |
| Low | -8.88 | -1.16 | -0.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
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.