Reddit (NYSE:RDDT) Given New $186.00 Price Target at Citigroup

Posted by Geri Gentry on Oct 30th, 2026

Reddit (NYSE:RDDT – Get Free Report) had its price objective dropped by investment analysts at Citigroup from $245.00 to $186.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price would indicate a potential upside of 102.75% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Wedbush reduced their target price on Reddit from $221.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Reddit from $142.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Friday. DA Davidson reduced their price objective on shares of Reddit from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, September 18th. B. Riley Financial decreased their price objective on shares of Reddit from $270.00 to $190.00 and set a “buy” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald dropped their target price on shares of Reddit from $170.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Reddit currently has an average rating of “Moderate Buy” and an average price target of $197.61.

Get Our Latest Stock Analysis on Reddit

Reddit Stock Down 29.2%

Shares of RDDT traded down $37.86 during trading hours on Friday, reaching $91.74. 33,241,459 shares of the company traded hands, compared to its average volume of 5,525,934. The business has a fifty day moving average price of $151.54 and a 200-day moving average price of $161.02. The stock has a market capitalization of $17.65 billion, a P/E ratio of 21.33, a P/E/G ratio of 0.62 and a beta of 2.05. Reddit has a 12-month low of $89.28 and a 12-month high of $263.50.

Reddit (NYSE:RDDT – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $894.96 million for the quarter, compared to analyst estimates of $874.91 million. Reddit had a return on equity of 29.02% and a net margin of 31.35%. Reddit’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. As a group, research analysts predict that Reddit will post 5.28 EPS for the current fiscal year.

Insider Activity at Reddit

In related news, COO Jennifer Wong sold 60,000 shares of Reddit stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $150.55, for a total value of $9,033,000.00. Following the completion of the sale, the chief operating officer owned 1,012,226 shares in the company, valued at approximately $152,390,624.30. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Huffman sold 17,308 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $158.57, for a total value of $2,744,529.56. Following the completion of the sale, the chief executive officer directly owned 336,432 shares in the company, valued at approximately $53,348,022.24. The trade was a 4.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 306,052 shares of company stock worth $49,754,523. Insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Reddit

Institutional investors have recently modified their holdings of the company. State Street Corp boosted its stake in Reddit by 8.7% during the 2nd quarter. State Street Corp now owns 2,979,587 shares of the company’s stock worth $517,197,000 after purchasing an additional 237,523 shares during the period. Wellington Management Group LLP boosted its stake in shares of Reddit by 21.8% during the second quarter. Wellington Management Group LLP now owns 1,564,535 shares of the company’s stock worth $271,572,000 after buying an additional 280,030 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Reddit by 74.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 809,063 shares of the company’s stock worth $115,243,000 after buying an additional 345,735 shares during the last quarter. DSM Capital Partners LLC grew its holdings in shares of Reddit by 5.3% during the first quarter. DSM Capital Partners LLC now owns 848,206 shares of the company’s stock worth $114,211,000 after buying an additional 42,808 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Reddit by 8.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,893 shares of the company’s stock valued at $83,647,000 after acquiring an additional 39,540 shares during the period.

Trending Headlines about Reddit

Here are the key news stories impacting Reddit this week:

Positive Sentiment: Reddit reported third-quarter adjusted earnings of $1.40 per share versus the $1.33 consensus estimate, while revenue reached approximately $895 million, up 53% year over year and above expectations. Advertising revenue increased 54%, highlighting continued monetization momentum. Reddit stock plunges after weak outlook
Positive Sentiment: Analysts maintained constructive long-term views despite lowering their forecasts. Truist, Wedbush and B. Riley retained buy or outperform ratings, with price targets still materially above recent trading levels. Reddit analysts lower forecasts

Reddit Company Profile

(Get Free Report)

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and activities. Members can submit text posts, links, images and videos, as well as comment on and vote on content. The platform includes thousands of communities, commonly known as subreddits, covering subjects such as news, entertainment, technology, sports, finance and lifestyle.

Reddit generates revenue primarily through digital advertising, offering advertisers access to audiences based on community interests and user engagement.

Analyst Recommendations for Reddit (NYSE:RDDT)

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