Reddit Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Reddit stock have an average target of 92.84, with a low estimate of 54 and a high estimate of 150. The average target predicts a decrease of -36.70% from the current stock price of 146.67.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$54	$92.84	$85	$150
Change	-63.18%	-36.70%	-42.05%	+2.27%

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 '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	6	5	8	9	10	10
Buy	2	2	2	2	2	2
Hold	6	7	6	6	6	6
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	15	15	17	18	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Thomas Champion Piper Sandler	Piper Sandler	Buy Reiterates $115 → $150	Buy	Reiterates	$115 → $150	+2.27%	Nov 19, 2024
Mark Shmulik Bernstein	Bernstein	Sell Maintains $65 → $85	Sell	Maintains	$65 → $85	-42.05%	Oct 30, 2024
Ronald Josey Citigroup	Citigroup	Strong Buy Maintains $70 → $120	Strong Buy	Maintains	$70 → $120	-18.18%	Oct 30, 2024
Alan Gould Loop Capital	Loop Capital	Strong Buy Maintains $90 → $120	Strong Buy	Maintains	$90 → $120	-18.18%	Oct 30, 2024
Andrew Boone JMP Securities	JMP Securities	Buy Maintains $84 → $118	Buy	Maintains	$84 → $118	-19.55%	Oct 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.30B

from 804.03M

61.44%

from 804.03M

Revenue Next Year

1.68B

from 1.30B

29.35%

from 1.30B

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	228.91M	484.92M	666.70M	804.03M	1.30B	1.68B	2.04B
Revenue Growth	-	111.84%	37.49%	20.60%	61.44%	29.35%	21.50%
EPS	-1.23	-2.47	-2.77	-1.54	-4.56	0.68	1.42
EPS Growth	-	-	-	-	-	-	109.18%
Forward PE	-	-	-	-	-	215.36	102.95
No. Analysts	-	-	-	-	18	18	17

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
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	2024	2025	2026
High	67.9%	38.0%	34.8%
Avg	61.4%	29.4%	21.5%
Low	53.7%	14.6%	3.8%

EPS Forecast

EPS	2024	2025	2026
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	2024	2025	2026
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.