Reddit (NYSE:RDDT) Stock Price Target Lowered at The Goldman Sachs Group

Posted by Brian Himes on Nov 2nd, 2026

Reddit (NYSE:RDDT – Free Report) had its price objective trimmed by The Goldman Sachs Group from $215.00 to $140.00 in a research report released on Friday morning.

A number of other research analysts have also recently issued reports on RDDT. Jefferies Financial Group set a $250.00 price objective on Reddit in a research note on Friday, July 10th. Needham & Company LLC cut their target price on Reddit from $300.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company reduced their price target on Reddit from $142.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $205.00 price target on shares of Reddit in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Reddit from $185.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $180.91.

Read Our Latest Stock Report on Reddit

Reddit Stock Down 0.3%

Shares of RDDT stock traded down $0.30 during trading hours on Friday, hitting $91.43. 8,923,154 shares of the company’s stock traded hands, compared to its average volume of 5,541,294. The stock’s fifty day simple moving average is $150.37 and its two-hundred day simple moving average is $160.26. Reddit has a 12-month low of $89.28 and a 12-month high of $263.50. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.42 and a beta of 2.05.

Reddit (NYSE:RDDT – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. The firm had revenue of $894.96 million for the quarter, compared to analysts’ expectations of $874.91 million. Reddit had a return on equity of 30.57% and a net margin of 32.10%. The business’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. On average, equities analysts forecast that Reddit will post 5.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Jennifer L. Wong sold 60,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $150.55, for a total transaction of $9,033,000.00. Following the transaction, the chief operating officer directly owned 1,012,226 shares of the company’s stock, valued at $152,390,624.30. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert A. Sauerberg sold 5,128 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $159.92, for a total value of $820,069.76. Following the sale, the director directly owned 27,087 shares in the company, valued at $4,331,753.04. This trade represents a 15.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 306,052 shares of company stock valued at $49,754,523. Corporate insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Reddit

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its holdings in shares of Reddit by 87.5% during the 1st quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Reddit by 48.1% during the second quarter. EverSource Wealth Advisors LLC now owns 197 shares of the company’s stock valued at $34,000 after purchasing an additional 64 shares during the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in shares of Reddit during the second quarter valued at approximately $35,000. Ascentis Independent Advisors bought a new position in Reddit during the first quarter valued at approximately $30,000. Finally, Hager Investment Management Services LLC boosted its holdings in Reddit by 522.2% in the second quarter. Hager Investment Management Services LLC now owns 280 shares of the company’s stock worth $49,000 after purchasing an additional 235 shares during the last quarter.

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

Positive Sentiment: Reddit’s latest quarterly results showed substantial operating momentum: revenue rose 53% year over year to approximately $895 million, while earnings per share exceeded analyst expectations. Advertising engagement and higher average revenue per user could support the company’s long-term monetization outlook. Reddit: Google Is Taking Its Traffic, But The Selloff Has Gone Too Far
Positive Sentiment: Some investors view the decline as excessive relative to Reddit’s revenue growth and profitability, arguing that fears over Google’s AI search changes may already be reflected in the valuation. Reddit Stock Crashes Again: Is the Stock a Buy on the Dip or a Value Trap?
Neutral Sentiment: A valuation comparison with Spotify highlights Reddit as a potential value opportunity, but the conclusion depends on whether investors prioritize Reddit’s faster growth or Spotify’s more established user and revenue trends. RDDT vs. SPOT: Which Stock Is the Better Value Option?
Negative Sentiment: The primary pressure is a worsening user-growth outlook. Google’s AI search changes appear to be reducing traffic to Reddit, particularly in the U.S., while management’s push toward logged-in users could protect monetization but make it harder and more expensive to attract new users. Reddit Stock Plunges After Google AI Cuts U.S. Traffic
Negative Sentiment: Several firms reduced their ratings or price targets, including JPMorgan, Evercore, Loop Capital, Oppenheimer, Citigroup, Cantor Fitzgerald, Truist, Wells Fargo and Wedbush. Although many revised targets remain above the current market level, the broad analyst caution is weighing on confidence in RDDT’s near-term outlook.

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.