15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 26 firms covering Reddit, Inc, 17 rate it Buy or better, 9 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets span $175.00 to $300.00, a moderate spread. The average target of $232.33 sits 30% above the current $178.56. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.26 next quarter toward $6.53 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS26 ratings
Moderate Buy
Strong Buy14%
Buy1662%
Hold935%
Sell00%
Strong Sell00%
Based on 26 analysts giving stock ratings to Reddit, Inc.
As of Jul, 17 of 26 firms rate RDDT a Buy (9 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
RDDT EPS & revenue forecast
EPS · NEXT QUARTER
$1.26
Range $1.04 – $1.54 · 22 analysts · +58% YoY
Next period, 22 analysts expect Reddit, Inc. to earn $1.26 a share (range $1.04 – $1.54), versus $0.80 a year earlier. Full-year consensus is $4.98, growing to $6.53 the year after.
REVENUE · NEXT QUARTER
$829.7M
Range $794.0M – $884.8M · 22 analysts · +42% YoY
Revenue is expected to reach $829.7M (range $794.0M – $884.8M), +41.9% year-over-year. Full-year consensus is $3.2B, rising to $4.3B next year.
Top analysts covering Reddit, Inc.
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on RDDT.
#1
Devin Ryan
JMP Securities · Rank #6
Buy
$155.00-13.2% to target
Overall win rate
61%
+ Follow
#2
Youssef Squali
Truist Securities · Rank #170
Buy
$265.00+48.4% to target
Overall win rate
37%
+ Follow
#3
Deepak Mathivanan
Cantor Fitzgerald · Rank #209
Hold
$180.00+0.8% to target
Overall win rate
36%
+ Follow
#4
Laura Martin
Needham · Rank #256
Buy
$300.00+68.0% to target
Overall win rate
31%
+ Follow
#5
Eric Sheridan
Goldman Sachs · Rank #341
Hold
$200.00+12.0% to target
Overall win rate
32%
+ Follow
RDDT stock forecast FAQ
What is RDDT's average 12-month price target?+
The 18 analysts with a live target average $232.33 for Reddit, Inc. over the next 12 months, ranging from a $300.00 high to a $175.00 low.
Is RDDT stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 26 analyst ratings, 17 are Buy or Strong Buy, 9 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for RDDT?+
The Street-high target is $300.00 (Needham), and the Street-low is $175.00 (B of A Securities). The average of all 18 active targets is $232.33.
How many Wall Street analysts cover RDDT?+
26 analysts have an active rating on Reddit, Inc., and 18 firms carry a live 12-month price target.
Who is the most accurate analyst covering RDDT?+
Among analysts who currently cover RDDT, Devin Ryan of JMP Securities has the strongest overall Quantellect track record (Rank #6). Their current call is Buy with a $155.00 target.
What is Reddit, Inc.'s projected EPS for next quarter?+
The consensus estimate is $1.26 per share (range $1.04 – $1.54) across 22 analysts. Full-year EPS is projected at $4.98, rising to $6.53 the following year.
How much revenue is Reddit, Inc. expected to report next quarter?+
Consensus revenue is $829.7M (range $794.0M – $884.8M). Full-year revenue is projected at $3.2B, growing to $4.3B next year.
Have analysts been upgrading or downgrading RDDT lately?+
As of Jul, 17 of 26 firms rate RDDT a Buy (9 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their RDDT calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
