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Reddit (RDDT) Stock Forecast & Price Target

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$173.54 -3.20 (-1.81%)
(As of 12/27/2024 05:45 PM ET)

Reddit - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
5
Buy
15

Based on 21 Wall Street analysts who have issued ratings for Reddit in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 1 has given a sell rating, 5 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for RDDT.

Consensus Price Target

$132.70
-23.53% Downside
According to the 21 analysts' twelve-month price targets for Reddit, the average price target is $132.70. The highest price target for RDDT is $210.00, while the lowest price target for RDDT is $54.00. The average price target represents a forecasted downside of -23.53% from the current price of $173.54.
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RDDT Analyst Ratings Over Time

TypeCurrent Forecast
12/29/23 to 12/28/24
1 Month Ago
11/29/23 to 11/28/24
3 Months Ago
9/30/23 to 9/29/24
1 Year Ago
12/29/22 to 12/29/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
2 Strong Buy rating(s)
N/A
Buy
14 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
N/A
Hold
5 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
N/A
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
N/A
Consensus Price Target$132.70$98.17$66.12N/A
Forecasted Upside-23.53% Downside-29.90% Downside-1.43% DownsideN/A
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
N/A

RDDT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RDDT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Reddit Stock vs. The Competition

TypeRedditComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.71
2.69
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-23.53% Downside417.77% Upside14.07% Upside
News Sentiment Rating
Positive News

See Recent RDDT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/20/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$120.00 ➝ $200.00+15.43%
12/20/2024Guggenheim
2 of 5 stars
M. Morris
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Initiated CoverageBuy$210.00+28.27%
12/11/2024Wells Fargo & Company
3 of 5 stars
K. Gawrelski
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Initiated CoverageOverweight$206.00+32.24%
12/11/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$120.00 ➝ $190.00+21.97%
12/11/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$100.00 ➝ $160.00+2.71%
12/9/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$70.00 ➝ $200.00+22.88%
12/2/2024Loop Capital
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A. Gould
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Boost TargetBuy ➝ Buy$120.00 ➝ $180.00+27.94%
11/25/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$120.00 ➝ $175.00+22.87%
11/25/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$118.00 ➝ $160.00+8.78%
11/19/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$115.00 ➝ $150.00+12.34%
10/30/2024Sanford C. Bernstein
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 Boost TargetUnderperform ➝ Underperform$65.00 ➝ $85.00-26.95%
10/30/2024Roth Mkm
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 Boost TargetBuy ➝ Buy$89.00 ➝ $116.00+3.42%
10/30/2024B. Riley
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N. Khan
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Reiterated RatingBuy ➝ Buy$87.00 ➝ $112.00-1.26%
10/30/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$84.00 ➝ $99.00+21.15%
10/14/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$60.00 ➝ $68.00-9.35%
10/10/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$70.00 ➝ $80.00+13.46%
10/7/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$59.00 ➝ $77.00+8.13%
8/6/2024Cannonball Research
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 Initiated CoverageBuy$67.00+19.69%
5/17/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$62.00 ➝ $65.00+15.29%
4/15/2024Roth Capital
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R. Kulkarni
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Reiterated RatingBuy
3/26/2024New Street Research
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 Initiated CoverageNeutral$54.00-9.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:15 AM ET.


RDDT Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Reddit is $132.70, with a high forecast of $210.00 and a low forecast of $54.00.

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reddit in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RDDT shares.

According to analysts, Reddit's stock has a predicted downside of -23.53% based on their 12-month stock forecasts.

Over the previous 90 days, Reddit's stock had 1 upgrade by analysts.

Analysts like Reddit more than other "computer and technology" companies. The consensus rating score for Reddit is 2.71 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how RDDT compares to other companies.


This page (NYSE:RDDT) was last updated on 12/28/2024 by MarketBeat.com Staff
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