Reddit, Inc. (RDDT)
NYSE: RDDT · Real-Time Price · USD
199.55
+0.62 (0.31%)
At close: Jan 31, 2025, 4:00 PM
199.00
-0.55 (-0.28%)
After-hours: Jan 31, 2025, 7:57 PM EST
Reddit Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Reddit stock have an average target of 157.64, with a low estimate of 54 and a high estimate of 210. The average target predicts a decrease of -21.00% from the current stock price of 199.55.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Reddit stock from 22 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 10 | 10 | 11 | 10 |
| Buy | 2 | 2 | 2 | 2 | 4 | 5 |
| Hold | 6 | 6 | 6 | 6 | 5 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 18 | 19 | 19 | 21 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $190 | Buy | Reiterates | $190 | -4.79% | Jan 29, 2025 |
| JMP Securities | JMP Securities | Buy Maintains $160 → $190 | Buy | Maintains | $160 → $190 | -4.79% | Jan 27, 2025 |
| Roth MKM | Roth MKM | Strong Buy → Hold Downgrades $116 → $195 | Strong Buy → Hold | Downgrades | $116 → $195 | -2.28% | Jan 22, 2025 |
| Raymond James | Raymond James | Strong Buy Maintains $150 → $200 | Strong Buy | Maintains | $150 → $200 | +0.23% | Jan 21, 2025 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $112 → $187 | Strong Buy | Maintains | $112 → $187 | -6.29% | Jan 14, 2025 |
Financial Forecast
Revenue This Year
1.30B
from 804.03M
Increased by 62.18%
Revenue Next Year
1.77B
from 1.30B
Increased by 35.43%
EPS This Year
-4.21
from -1.54
EPS Next Year
0.87
from -4.21
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.4B | 2.0B | 2.7B |
| Avg | 1.3B | 1.8B | 2.3B |
| Low | 1.2B | 1.6B | 1.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 71.4% | 50.5% | 50.6% |
| Avg | 62.2% | 35.4% | 28.0% |
| Low | 54.2% | 20.0% | 10.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -2.74 | 1.46 | 3.18 |
| Avg | -4.21 | 0.87 | 1.95 |
| Low | -7.78 | 0.35 | 0.86 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 264.3% |
| Avg | - | - | 123.8% |
| Low | - | - | -1.3% |
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.