Reddit Inc. (NYSE:RDDT) Stock Has Consensus Target Price of $219.29

Posted by Geri Gentry on Oct 9th, 2026

Reddit Inc. (NYSE:RDDT – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine research firms that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $219.29.

A number of brokerages recently weighed in on RDDT. Truist Financial boosted their price target on shares of Reddit from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of Reddit in a research report on Monday, August 24th. DA Davidson dropped their target price on shares of Reddit from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, September 18th. Roth Capital reissued a “neutral” rating and set a $145.00 target price on shares of Reddit in a research report on Monday, August 3rd. Finally, Wedbush decreased their price target on shares of Reddit from $250.00 to $221.00 and set an “outperform” rating for the company in a research note on Friday, July 31st.

Check Out Our Latest Stock Report on Reddit

Insider Buying and Selling at Reddit

In other Reddit news, Director Robert Sauerberg sold 5,128 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $159.92, for a total value of $820,069.76. Following the completion of the sale, the director directly owned 27,087 shares of the company’s stock, valued at $4,331,753.04. This trade represents a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jennifer Wong sold 75,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $178.55, for a total value of $13,391,250.00. Following the completion of the sale, the chief operating officer owned 1,050,339 shares in the company, valued at approximately $187,538,028.45. The trade was a 6.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 228,744 shares of company stock valued at $37,976,994. Company insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Reddit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDDT. Sunbelt Securities Inc. boosted its holdings in Reddit by 87.5% in the 1st quarter. Sunbelt Securities Inc. now owns 195 shares of the company’s stock worth $26,000 after buying an additional 91 shares during the period. Ascentis Independent Advisors bought a new stake in Reddit during the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in Reddit by 48.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 197 shares of the company’s stock valued at $34,000 after acquiring an additional 64 shares during the period. Beacon Investment Advisory Services Inc. purchased a new stake in shares of Reddit during the second quarter worth $35,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Reddit during the first quarter worth $43,000.

Reddit Stock Up 2.6%

Shares of NYSE RDDT opened at $156.66 on Friday. Reddit has a twelve month low of $119.27 and a twelve month high of $263.50. The stock’s 50 day moving average price is $153.93 and its 200-day moving average price is $160.61. The company has a market capitalization of $30.14 billion, a PE ratio of 36.43, a PEG ratio of 0.71 and a beta of 2.05.

Reddit (NYSE:RDDT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.30. The company had revenue of $804.91 million during the quarter, compared to analyst estimates of $731.00 million. Reddit had a return on equity of 29.02% and a net margin of 31.35%.Reddit’s quarterly revenue was up 61.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, research analysts expect that Reddit will post 5.27 EPS for the current fiscal year.

Reddit Company Profile

(Get Free Report)

Reddit, Inc operates a global online platform where users participate in communities organized around shared interests, topics and experiences. Registered users can submit posts, images, videos and links, while other users can comment, vote on content and engage in discussions. The platform comprises thousands of independently moderated communities, commonly known as subreddits.

Reddit generates revenue primarily through digital advertising and other commercial offerings for businesses.