Reddit (RDDT) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Reddit (NYSE: RDDT) in the last few weeks:

• 11/12/2026 – Reddit had its price target lowered by Argus from $225.00 to $150.00. They now have a “buy” rating on the stock.
• 11/10/2026 – Reddit had its price target lowered by Guggenheim from $170.00 to $140.00. They now have a “buy” rating on the stock.
• 11/3/2026 – Reddit had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 11/2/2026 – Reddit had its price target lowered by DA Davidson from $185.00 to $125.00. They now have a “buy” rating on the stock.
• 11/2/2026 – Reddit was downgraded by Loop Capital from “buy” to “hold”. They now have a $100.00 price target on the stock.
• 11/2/2026 – Reddit was downgraded by Evercore from “outperform” to “hold”. They now have a $120.00 price target on the stock.
• 10/30/2026 – Reddit had its “market perform” rating reaffirmed by Sanford C. Bernstein. They now have a $120.00 price target on the stock, down from $180.00.
• 10/30/2026 – Reddit had its price target lowered by Guggenheim from $255.00 to $170.00. They now have a “buy” rating on the stock.
• 10/30/2026 – Reddit had its “buy” rating reaffirmed by UBS Group.
• 10/30/2026 – Reddit had its price target lowered by Needham & Company LLC from $300.00 to $150.00. They now have a “buy” rating on the stock.
• 10/30/2026 – Reddit had its “neutral” rating reaffirmed by Bank of America. They now have a $135.00 price target on the stock, down from $190.00.
• 10/30/2026 – Reddit was downgraded by KeyCorp from “overweight” to “sector weight”.
• 10/30/2026 – Reddit was downgraded by Citigroup from “market outperform” to “market perform”.
• 10/30/2026 – Reddit had its price target lowered by Jefferies Financial Group from $200.00 to $155.00.
• 10/30/2026 – Reddit had its price target lowered by Piper Sandler from $195.00 to $145.00.
• 10/30/2026 – Reddit had its price target lowered by The Goldman Sachs Group from $215.00 to $140.00.
• 10/30/2026 – Reddit had its price target lowered by Deutsche Bank from $200.00 to $165.00. They now have a “buy” rating on the stock.
• 10/30/2026 – Reddit had its price target lowered by BNP Paribas Exane from $180.00 to $110.00.
• 10/30/2026 – Reddit had its price target lowered by JPMorgan Chase & Co. from $185.00 to $150.00. They now have a “neutral” rating on the stock.
• 10/30/2026 – Reddit had its price target lowered by Citigroup from $245.00 to $186.00. They now have a “buy” rating on the stock.
• 10/30/2026 – Reddit had its price target lowered by Wells Fargo & Company from $142.00 to $110.00. They now have an “equal weight” rating on the stock.
• 10/30/2026 – Reddit had its price target lowered by Wedbush from $221.00 to $150.00. They now have an “outperform” rating on the stock.
• 10/30/2026 – Reddit had its price target lowered by Truist Financial from $275.00 to $210.00. They now have a “buy” rating on the stock.
• 10/30/2026 – Reddit had its price target lowered by B. Riley Financial from $270.00 to $190.00. They now have a “buy” rating on the stock.
• 10/30/2026 – Reddit was downgraded by Oppenheimer from “outperform” to “market perform”.
• 10/30/2026 – Reddit had its price target lowered by Cantor Fitzgerald from $170.00 to $120.00. They now have a “neutral” rating on the stock.
• 10/30/2026 – Reddit was downgraded by Citizens Jmp from “market outperform” to “market perform”.
• 10/27/2026 – Reddit was upgraded by Zacks Research from “hold” to “strong-buy”.
• 10/26/2026 – Reddit had its “outperform” rating reaffirmed by Evercore.
• 10/14/2026 – Reddit had its “market outperform” rating reaffirmed by Citigroup.
• 10/9/2026 – Reddit had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $300.00 price target on the stock.
• 10/8/2026 – Reddit had its price target lowered by Evercore from $300.00 to $265.00.
• 9/18/2026 – Reddit had its price target lowered by DA Davidson from $200.00 to $185.00. They now have a “buy” rating on the stock.
• 9/18/2026 – Reddit is now covered by BNP Paribas Exane. They set a “neutral” rating and a $180.00 price target on the stock.
• 9/17/2026 – Reddit had its price target lowered by President Capital from $207.00 to $199.00. They now have a “buy” rating on the stock.
• 9/16/2026 – Reddit had its “buy” rating reaffirmed by Guggenheim.

Reddit Stock Down 5.5%

Shares of NYSE RDDT traded down $5.80 during midday trading on Thursday, reaching $99.86. The company had a trading volume of 3,593,514 shares, compared to its average volume of 5,585,130. Reddit Inc. has a one year low of $89.28 and a one year high of $263.50. The firm’s fifty day moving average price is $141.58 and its 200-day moving average price is $154.97. The stock has a market cap of $19.28 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.40 and a beta of 2.28.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.07. The business had revenue of $894.96 million for the quarter, compared to analyst estimates of $874.91 million. Reddit had a return on equity of 30.57% and a net margin of 32.10%. Reddit’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. As a group, equities research analysts expect that Reddit Inc. will post 5.42 EPS for the current year.

Insider Buying and Selling

In other news, Director Robert Sauerberg sold 5,128 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 27,087 shares in the company, valued at approximately $4,331,753.04. This trade represents a 15.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Gale sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $96.00, for a total transaction of $384,000.00. Following the completion of the transaction, the director owned 11,181 shares in the company, valued at $1,073,376. This represents a 26.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 295,052 shares of company stock worth $47,550,483. 28.48% of the stock is owned by company insiders.

Reddit, Inc. operates Reddit, an online platform where users share posts, discuss topics and participate in communities known as subreddits. Members can submit text, images, videos and links, comment on posts, and vote on content, helping shape what appears in each community. The company generates revenue primarily through advertising and also offers paid subscriptions and other products. Reddit serves users and advertisers around the world through its website and mobile applications. Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz.