Reddit, Inc. (RDDT)
NYSE: RDDT · Real-Time Price · USD
112.98
-6.32 (-5.30%)
At close: Nov 1, 2024, 4:00 PM
112.30
-0.68 (-0.60%)
After-hours: Nov 1, 2024, 7:58 PM EDT
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 -19.45% from the current stock price of 112.98.
Analyst Consensus: Buy
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 8 | 9 | 10 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 6 | 6 | 7 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 17 | 18 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Bernstein | Bernstein | Sell Maintains $65 → $85 | Sell | Maintains | $65 → $85 | -24.77% | Oct 30, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $70 → $120 | Strong Buy | Maintains | $70 → $120 | +6.21% | Oct 30, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $90 → $120 | Strong Buy | Maintains | $90 → $120 | +6.21% | Oct 30, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $84 → $118 | Buy | Maintains | $84 → $118 | +4.44% | Oct 30, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $89 → $116 | Strong Buy | Maintains | $89 → $116 | +2.67% | Oct 30, 2024 |
Financial Forecast
Revenue This Year
1.27B
from 804.03M
Increased by 57.58%
Revenue Next Year
1.63B
from 1.27B
Increased by 28.73%
EPS This Year
-5.52
from -1.54
EPS Next Year
0.14
from -5.52
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.3B | 1.8B | 2.3B |
| Avg | 1.3B | 1.6B | 2.0B |
| Low | 1.1B | 1.4B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 67.5% | 41.4% | 38.7% |
| Avg | 57.6% | 28.7% | 21.0% |
| Low | 42.0% | 11.3% | 2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.43 | 1.12 | 2.48 |
| Avg | -5.52 | 0.14 | 0.94 |
| Low | -8.20 | -0.20 | 0.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 1,653.2% |
| Avg | - | - | 567.5% |
| Low | - | - | 31.7% |
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.