Reddit (RDDT) Analyst Ratings & Price Target

RDDT · NYSE

$155.65+$0.51 (+0.33%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $155.14

RDDT analyst rating

BuyConsensus of 24 analysts over the last 12 months. 67% rate it a buy.

Strong buy1
Buy15
Hold8
Underperform0
Sell0

12-month price target · 35 analysts

Average $220.10 (+41.4% upside)

Low: $131.30
Now: $155.65
High: $318.15

Upgrades and downgrades

The latest rating actions, newest first

RDDT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Needham	Oct 9, 2026	Maintains	Buy	$300.00	55%
DA Davidson	Sep 18, 2026	Maintains	Buy	$200.00 → $185.00	31%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$240.00 → $210.00	60%
JP Morgan	Jul 31, 2026	Maintains	Neutral	$200.00 → $185.00	68%
Oppenheimer	Jul 31, 2026	Maintains	Outperform	$225.00 → $200.00	62%
B. Riley Securities	Jul 31, 2026	Maintains	Buy	$250.00 → $270.00	56%
Wells Fargo	Jul 31, 2026	Maintains	Equal-Weight	$187.00 → $142.00	33%
Cantor Fitzgerald	Jul 31, 2026	Maintains	Neutral	$200.00 → $170.00	63%
Piper Sandler	Jul 31, 2026	Maintains	Overweight	$215.00 → $195.00	58%
Truist Securities	Jul 31, 2026	Maintains	Buy	$265.00 → $275.00	63%

The case for and against

Updated Oct 14, 2026

Bull case

Reddit is supported by accelerating traffic and engagement, with July and August 2026 web traffic up 3% q/q to 5.36 and September 2026 app downloads rising 19% q/q to about 83,333 per day, signaling stronger user momentum into 3Q26. Its fundamentals also appear powerful, with 3Q26 revenue estimated at $871.1mm, up 49% y/y, Adj. EBITDA of $394.1mm, up 67% y/y, and a 45.2% margin, while FY26 revenue is projected at $3.4B and FY27 at $4.5B. The company’s positive outlook is further reinforced by a deep moat in human conversation data, rising international DAUs, and monetization upside from higher ARPU and licensing renewals with Gemini and OpenAI.

Bear case

Reddit is facing a fragile growth profile because global DAUq is tracking at +12.8% Y/Y versus consensus at +15.4% Y/Y, with Similarweb data showing decelerating traffic and September historically weaker than August. The platform’s heavy dependence on Google search referrals adds major volatility, since any change in search or AI overview behavior could materially reduce reported DAUq, while forcing more spending on S&M could pressure EBITDA margin expansion. At the same time, international DAUq is growing faster than US usage, which can dilute blended ARPU, and ad revenue faces growing competition from ChatGPT, Meta, and Google, plus policy risks such as Australia’s under-16 ban.

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