Reddit (NYSE:RDDT) Given New $190.00 Price Target at B. Riley Financial

Posted by Brenda Bartman on Oct 30th, 2026

Reddit (NYSE:RDDT – Get Free Report) had its price target dropped by analysts at B. Riley Financial from $270.00 to $190.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s price objective points to a potential upside of 98.42% from the company’s previous close.

A number of other equities analysts also recently issued reports on RDDT. BNP Paribas Exane began coverage on Reddit in a research note on Friday, September 18th. They issued a “neutral” rating and a $180.00 price target on the stock. Wedbush decreased their target price on Reddit from $250.00 to $221.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Oppenheimer downgraded shares of Reddit from an “outperform” rating to a “market perform” rating in a report on Friday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $180.00 price target on shares of Reddit in a report on Friday, July 31st. Finally, Bank of America reiterated a “neutral” rating on shares of Reddit in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $207.52.

Check Out Our Latest Stock Analysis on Reddit

Reddit Stock Performance

Shares of NYSE:RDDT opened at $95.75 on Friday. Reddit has a 52-week low of $96.16 and a 52-week high of $263.50. The firm has a market capitalization of $18.42 billion, a P/E ratio of 22.67, a P/E/G ratio of 0.62 and a beta of 2.05. The stock has a 50 day moving average price of $151.54 and a 200-day moving average price of $161.02.

Reddit (NYSE:RDDT – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.07. Reddit had a return on equity of 29.02% and a net margin of 31.35%. The company had revenue of $894.96 million for the quarter, compared to the consensus estimate of $874.91 million. During the same quarter in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. On average, equities analysts forecast that Reddit will post 5.28 EPS for the current fiscal year.

Insider Activity

In related news, CEO Steve Huffman sold 17,308 shares of Reddit 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 $53,348,022.24. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer L. Wong sold 60,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $150.55, for a total value of $9,033,000.00. Following the completion of the transaction, the chief operating officer owned 1,012,226 shares of the company’s stock, valued at $152,390,624.30. This trade represents a 5.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. 28.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Integrity Alliance LLC. increased its stake in shares of Reddit by 4.3% in the 3rd quarter. Integrity Alliance LLC. now owns 2,536 shares of the company’s stock valued at $361,000 after purchasing an additional 104 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Reddit during the third quarter worth $2,564,000. Aware Super Pty Ltd as trustee of Aware Super lifted its holdings in Reddit by 203.8% during the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 53,091 shares of the company’s stock valued at $7,562,000 after purchasing an additional 35,614 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Reddit by 5.7% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,560 shares of the company’s stock valued at $507,000 after purchasing an additional 192 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Reddit by 1.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 245,252 shares of the company’s stock worth $34,934,000 after purchasing an additional 4,659 shares in the last quarter.

Key Headlines Impacting Reddit

Here are the key news stories impacting Reddit this week:

Positive Sentiment: Reddit reported third-quarter adjusted earnings of $1.40 per share and revenue of approximately $895 million, exceeding analyst estimates of $1.33 and $875 million, respectively. Revenue increased 53% year over year, while earnings rose from $0.80 a year earlier. Reddit Inc. Q3 Earnings and Revenues Beat Estimates
Positive Sentiment: The strong quarterly performance demonstrates continued monetization progress, particularly in advertising, and provides some support for Reddit’s long-term growth story. Reddit Reports Third Quarter 2026 Results
Neutral Sentiment: Reddit said it may test a primarily logged-in experience to reduce data scraping and address declining referrals from Google search. The strategy could improve user registration and monetization over time, but it risks reducing traffic from casual and logged-out visitors in the near term. Reddit Posts Third-Quarter Earnings and Plans Login Requirement Test
Negative Sentiment: Fourth-quarter guidance was weaker than expected, overshadowing the earnings and revenue beats. Investors are also concerned about slowing daily-user growth, declining Google search traffic, and the impact of AI-powered search on Reddit’s ability to attract visitors. Reddit Shares Tumble on Weak Guidance
Negative Sentiment: Analysts responded by cutting their forecasts and price targets. Cantor Fitzgerald lowered its target from $170 to $120, while Bernstein reduced its target from $180 to $120; Oppenheimer and Citizens JMP downgraded the shares to “market perform.” These actions signal reduced confidence in Reddit’s near-term growth trajectory. Reddit Analysts Slash Their Forecasts Following Q3 Earnings

About Reddit

(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.