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Reddit Inc Class A (RDDT)
NYSE:RDDT
US Market

Reddit Inc Class A (RDDT) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

RDDT Analyst Ratings

Moderate Buy
15Ratings
8 Buy
6 Hold
1 Sell
Based on 15 analysts giving stock ratings to
Reddit
Inc Class A
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

RDDT Stock 12 Month Forecast

Average Price Target

$49.20
▲(17.45% Upside)
Based on 15 Wall Street analysts offering 12 month price targets for Reddit Inc Class A in the last 3 months. The average price target is $49.20 with a high forecast of $55.00 and a low forecast of $40.00. The average price target represents a 17.45% change from the last price of $41.89.
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Highest Price Target$55.00Average Price Target$49.20Lowest Price Target$40.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Piper Sandler
$50.00
Buy
19.36%
Upside
Assigned
04/15/24
Analysts Have Conflicting Sentiments on These NA Companies: Reddit, Inc. Class A (NYSE: RDDT) and Astera Labs, Inc. (NASDAQ: ALAB)
Needham
$55.00
Buy
31.30%
Upside
Initiated
04/15/24
Buy Rating on Reddit, Inc. Class A for Unique Data Assets and AI Development Potential
Bernstein
$40.00
Sell
-4.51%
Downside
Initiated
04/03/24
Reddit initiated with an Underperform at BernsteinReddit initiated with an Underperform at Bernstein
Robert W. Baird
$50.00
Hold
19.36%
Upside
Initiated
04/03/24
Reddit initiated with a Neutral at BairdReddit initiated with a Neutral at Baird
New Street
$54.00
Hold
28.91%
Upside
Initiated
03/26/24
Reddit initiated with a Neutral at New StreetReddit initiated with a Neutral at New Street

RDDT Analyst Recommendation Trends

Rating
Mar 24
Apr 24
Strong Buy
0
0
Buy
0
8
Hold
1
5
Sell
0
1
Strong Sell
0
0
total
1
14
In the current month, RDDT has received 8 Buy Ratings, 5 Hold Ratings, and 1 Sell Ratings. RDDT average Analyst price target in the past 3 months is $49.20.
Each month's total comprises the sum of three months' worth of ratings.
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RDDT Financial Forecast

No data currently available

RDDT Earnings Forecast

Next quarter’s earnings estimate for RDDT is -$7.58 with a range of -$8.98 to -$3.16. The previous quarter’s EPS was ―. RDDT beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 44.12% of the time in the same period. In the last calendar year RDDT has Underperformed its overall industry.
Next quarter’s earnings estimate for RDDT is -$7.58 with a range of -$8.98 to -$3.16. The previous quarter’s EPS was ―. RDDT beat its EPS estimate 0.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 44.12% of the time in the same period. In the last calendar year RDDT has Underperformed its overall industry.
No data currently available

RDDT Sales Forecast

Next quarter’s sales forecast for RDDT is $214.00M with a range of $210.36M to $229.20M. The previous quarter’s sales results were ―. RDDT beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 78.13% of the time in the same period. In the last calendar year RDDT has Underperformed its overall industry.
Next quarter’s sales forecast for RDDT is $214.00M with a range of $210.36M to $229.20M. The previous quarter’s sales results were ―. RDDT beat its sales estimates 0.00% of the time in past 12 months, while its overall industry beat sales estimates 78.13% of the time in the same period. In the last calendar year RDDT has Underperformed its overall industry.

RDDT Stock Forecast FAQ

What is RDDT’s average 12-month price target, according to analysts?
Based on analyst ratings, Reddit Inc Class A’s 12-month average price target is $49.20.
    What is RDDT’s upside potential, based on the analysts’ average price target?
    Reddit Inc Class A has 17.45% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is RDDT a Buy, Sell or Hold?
          Reddit Inc Class A has a conensus rating of Moderate Buy which is based on 8 buy ratings, 6 hold ratings and 1 sell ratings.
            What is Reddit Inc Class A’s price target?
            The average price target for Reddit Inc Class A is $49.20. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $55.00 ,the lowest forecast is $40.00. The average price target represents 17.45% Increase from the current price of $41.89.
              What do analysts say about Reddit Inc Class A?
              Reddit Inc Class A’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 15 Wall Streets Analysts.
                How can I buy shares of RDDT?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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