Reddit (RDDT) Stock Overview
Operates a digital community in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 6/6 |
| Past Performance | 6/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
RDDT Community Fair Values
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Analyst Price Targets
Top Community Narratives
Reddit, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$178.09 |
| 52 Week High | US$282.95 |
| 52 Week Low | US$119.27 |
| Beta | 2.03 |
| 1 Month Change | -1.71% |
| 3 Month Change | 11.93% |
| 1 Year Change | -27.75% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 253.07% |
Recent News & Updates
Seeking Alpha • Aug 14
Reddit Gets Added To The S&P 500 But I'm Selling (Rating Downgrade)
Summary Reddit is being added to the S&P 500 after delivering exceptional revenue growth and strong profit margins. RDDT trades at a significant premium to peers, notably Meta, despite consensus expecting growth to decelerate. I am downgrading RDDT to neutral due to valuation concerns and the risk of underperformance relative to consensus and META. RDDT maintains a robust net cash position and guides for 48.7% YoY revenue growth next quarter, but premium valuation introduces volatility risk. Read the full article on Seeking AlphaAnalysis Article • Aug 07
Shareholders Can Be Confident That Reddit's (NYSE:RDDT) Earnings Are High Quality
Investors were underwhelmed by the solid earnings posted by Reddit, Inc. ( NYSE:RDDT ) recently. We did some digging...Recent updates
Seeking Alpha • Aug 14
Reddit Gets Added To The S&P 500 But I'm Selling (Rating Downgrade)
Summary Reddit is being added to the S&P 500 after delivering exceptional revenue growth and strong profit margins. RDDT trades at a significant premium to peers, notably Meta, despite consensus expecting growth to decelerate. I am downgrading RDDT to neutral due to valuation concerns and the risk of underperformance relative to consensus and META. RDDT maintains a robust net cash position and guides for 48.7% YoY revenue growth next quarter, but premium valuation introduces volatility risk. Read the full article on Seeking AlphaAnalysis Article • Aug 07
Shareholders Can Be Confident That Reddit's (NYSE:RDDT) Earnings Are High Quality
Investors were underwhelmed by the solid earnings posted by Reddit, Inc. ( NYSE:RDDT ) recently. We did some digging...
Narrative Update • Aug 05
RDDT: Future Upside Will Hinge On AI Data Licensing Renewals
Reddit's updated analyst price target has been trimmed as the model reflects a slightly lower fair value of about $216. Analysts point to decelerating user trends, uncertainty around Google and OpenAI data licensing renewals, and a lower assumed future P/E multiple, even as revenue growth and profit margin expectations remain solid.
New Narrative • Aug 03
Sustainable Growth VS hedging gamblers
I've read several of these narratives and most of them have me asking one simple question: Why are these guys overthinking this? From multi-stage "check systems" to fortune tellers reading the minds of retail investors, it's all too obvious they are as lost as the people reading their narratives.
New Narrative • Aug 02
Reddit's Discount Is Big Enough to Make Me Suspicious. Here's What I Found When I Went Looking for the Reason.
Right Now Reddit is sitting at $136.38. It closed at $226.17 the day before.
Narrative Update • Jul 22
RDDT: AI Data Licensing Renewals Will Likely Constrain Long Term User Expansion
Analysts have nudged the fair value estimate for Reddit higher to about $154 from $148, citing slightly stronger projected revenue growth, a modestly higher profit margin, and a richer future P/E multiple supported by recent price target moves and AI driven product optimism across recent research. Analyst Commentary Recent Street research on Reddit centers on two main themes that matter for investors: the role of AI in the business model and the balance between advertising momentum, content licensing revenues, and user growth.Narrative Update • Jul 08
RDDT: Future Upside Will Depend On AI Licensing Renewal Economics
Analysts have nudged the Reddit fair value estimate lower to about $224.92 from $232.05, as a modestly higher discount rate and slightly softer revenue growth assumptions are partially offset by stronger profit margin expectations and recent price target increases driven by solid ad trends and potential upside from content licensing renewals. Analyst Commentary Recent Street research on Reddit highlights a mix of enthusiasm around the company’s ad business and content licensing potential, alongside fresh concerns about user growth trends and the trade offs behind data deals.Narrative Update • Jun 24
RDDT: AI Licensing Renewal Terms Will Likely Depress Long Term User Trends
Analysts nudged their Reddit price target higher to reflect slightly stronger modeled revenue growth and margins, as well as a new view that content licensing deals with Google and OpenAI could support around $550m in annual renewal revenue, even as potential headwinds to user growth keep the overall earnings multiple in check. Analyst Commentary Recent research on Reddit highlights a split view, with some firms pointing to content licensing as a meaningful revenue opportunity and others flagging growing execution and user growth questions.Narrative Update • Jun 09
RDDT: AI Data Licensing Renewals Will Pressure Long Term User Engagement
Reddit's updated fair value estimate has been trimmed by about $3 to $148 as analysts factor in slightly higher discount rates, somewhat softer growth and margin assumptions, and a lower future P/E. They still view content licensing renewals with Google and OpenAI as a key earnings driver, alongside strong recent revenue momentum cited in recent research.
Narrative Update • May 26
RDDT: Ads And Data Partnerships Will Support Future Monetization Potential
Reddit's updated analyst price target holds at $300, with slightly higher assumed revenue growth and profit margins offset by a modestly higher discount rate and lower forward P/E. This echoes mixed recent Street research, where several firms raised price targets by $5 to $27 while others reduced theirs by $10 to $50.
New Narrative • May 09
Strong DAU drives Ads and AI Data narrative
Successful ad networks are driven fundamentally by usage. The best type of usage is on returning daily users usually measured by Daily Active Users.Narrative Update • May 02
RDDT: Ads And Data Partnerships Will Support Future Monetization Upside
Reddit's analyst price target is being updated to $300.00. This change reflects a mix of recent target increases and cuts as analysts factor in slightly lower projected revenue growth, a modestly softer profit margin, a slightly lower discount rate, and a marginally higher future P/E assumption.Narrative Update • Apr 18
RDDT: Advertising And Data Partnerships Will Support Higher Long Term Profitability
Analysts have been trimming Reddit price targets across the Street, but this update keeps the internal fair value view at $300. It reflects survey based support for ad monetization potential, alongside more cautious assumptions on growth, margins and future P/E.Narrative Update • Apr 04
RDDT: Ad And Data Partnerships Will Unlock Engagement Monetization Debate
Narrative Update on Reddit The analyst price target on Reddit has been trimmed by a few dollars to reflect a slightly higher discount rate and lower future P/E assumptions, even as analysts still point to advertiser interest, monetization potential, and mixed third-party data on U.S. engagement trends. Analyst Commentary Recent research on Reddit shows a split in sentiment, with many price target cuts sitting alongside a smaller group of price target hikes and fresh initiations.Narrative Update • Mar 21
RDDT: Future Upside Will Rely On AI Data Licensing Economics
Reddit's updated fair value estimate has been trimmed from $252.39 to $232.05 as analysts factor in slightly lower revenue growth assumptions, a more moderate future P/E, and survey backed views on monetization potential that still highlight advertiser reach and low funnel targeting as key positives. Analyst Commentary Street research on Reddit has become more balanced, with many firms trimming price targets while still highlighting meaningful upside drivers in engagement, monetization, and data licensing.Narrative Update • Mar 06
RDDT: Advertising And Data Licensing Will Sustain Higher Long Term Profitability
We are trimming our Reddit fair value estimate to $300 from $325 as analysts recalibrate price targets, generally reflecting slightly softer revenue growth assumptions, a marginally higher discount rate, and lower future P/E expectations, even as they highlight improving profitability. Analyst Commentary Recent Street research on Reddit has tilted more cautious on price targets overall, but there is still a clear split between bullish analysts leaning into the long term story and others marking targets down to reflect more conservative assumptions on growth, discount rates, and P/E multiples.Narrative Update • Feb 20
RDDT: Fair Value View Balances AI Optionality With Execution And Regulation Risks
We nudged our Reddit fair value estimate to $153.50 from $151.40 as analysts recalibrated their price targets and models, generally reflecting slower revenue growth and lower future P/E assumptions, offset by higher profit margin expectations. Analyst Commentary Recent Street research on Reddit shows a clear split between bullish and bearish voices, with several firms trimming price targets, while a smaller group is still lifting theirs.Narrative Update • Feb 06
RDDT: Future Returns Will Rely On AI Data Licensing Economics
Narrative Update Analysts have nudged our Reddit fair value estimate higher by about US$1 to US$252. They cite refreshed models that reflect Street price target increases, a slightly lower discount rate, modestly higher revenue growth assumptions, a small adjustment to profit margin, and a similar forward P/E framework.Analysis Article • Feb 01
The Price Is Right For Reddit, Inc. (NYSE:RDDT) Even After Diving 25%
Reddit, Inc. ( NYSE:RDDT ) shares have had a horrible month, losing 25% after a relatively good period beforehand. The...Narrative Update • Jan 23
RDDT: Future Returns Will Rely On GenAI Monetization And Advertising
Narrative Update: Reddit Analyst Price Target Shift Analysts have nudged our Reddit fair value estimate higher from US$239.76 to about US$251. This reflects a cluster of recent price target hikes that lean on expectations for solid revenue growth, relatively high margins, and support for premium P/E multiples tied to GenAI and advertising monetization themes.Narrative Update • Jan 09
RDDT: Advertising And Data Licensing Will Support Higher Long Term Margins
Narrative Update on Reddit Our analyst fair value estimate for Reddit has been raised from US$235 to US$325, as analysts factor in stronger profit margins and monetization, even while applying a slightly higher discount rate and assuming more moderate revenue growth and a modestly higher future P/E multiple supported by recent Street research. Analyst Commentary Street research on Reddit is skewing constructive, with several bullish analysts lifting price targets and pointing to execution on both advertising and data licensing, even as some firms keep more balanced ratings.Narrative Update • Dec 24
RDDT: Elevated Expectations Will Expose Growing Risk From Weakening User Engagement
We are raising our Reddit price target to approximately $151 from about $129, as analysts now expect faster revenue growth, better margins, and a more reasonable future earnings multiple. This view is supported by strong Q3 results, an above-consensus Q4 outlook, and continued momentum in both advertising and data licensing.Narrative Update • Dec 10
RDDT: Future Performance Will Rely On Monetization Amid Mixed Engagement And AI Visibility
We are nudging our Reddit price target slightly lower to approximately $240 from about $241, as analysts modestly trim fair value and profit margin assumptions while leaning on stronger topline growth and a healthy digital ad backdrop, which has been highlighted by multiple recent price target hikes across the Street. Analyst Commentary Street sentiment on Reddit remains broadly constructive, with a series of recent price target increases reflecting confidence in sustained top line momentum, product monetization, and a resilient digital ad environment.Narrative Update • Nov 26
RDDT: Future Performance Will Depend On Sustained Engagement Amidst Competitive Pressures
Reddit's analyst price target has increased modestly, rising from $240.27 to $240.70. Analysts cite strong quarterly earnings, momentum in user engagement and product improvements, and improved profit expectations as key drivers for this upward revision.Narrative Update • Nov 12
RDDT: Future Earnings Momentum Will Drive Stronger Advertiser Demand
Reddit’s analyst fair value estimate has increased from $228.50 to $240.27, a $11.77 rise. Analysts highlight strong earnings momentum and broad-based advertiser strength supporting higher price targets.Narrative Update • Oct 28
Expanding User Content And Global Reach Will Drive Competitive Differentiation
Reddit's fair value estimate has increased by approximately $6 to $228.50, reflecting analysts' expectations for stronger revenue growth and improved margins. This is supported by recent price target upgrades across the Street.Narrative Update • Oct 14
International Expansion And User-Generated Content Will Strengthen Future Position
Reddit’s analyst price target has increased by $3.23, reflecting analyst optimism due to improved revenue growth, margin strength, and the potential impact of new monetization initiatives despite mixed engagement data. Analyst Commentary Recent research coverage on Reddit reflects a dynamic and sometimes divided outlook among Wall Street analysts.Narrative Update • Sep 26
International Expansion And User-Generated Content Will Strengthen Future Position
Analysts have raised Reddit’s price target to $219.15, citing accelerating ad momentum, product improvements, and strong Q2 results—though some remain cautious on valuation and user growth. Analyst Commentary Bullish analysts see accelerating advertising momentum, with dynamic product ads expected to boost mid- and lower-funnel growth, providing incremental revenue streams and validating Reddit’s monetization strategy.Narrative Update • Sep 11
International Expansion And User-Generated Content Will Strengthen Future Position
Analysts raised Reddit’s price target to $200.00, citing strong revenue growth, resilient ad demand, and promising AI/data monetization opportunities, while flagging risks from valuation, user growth, and regulatory headwinds. Analyst Commentary Bullish analysts cite Reddit’s robust revenue growth, operational execution, and expanding monetization—including strong Q2 results and upward estimate revisions—as justification for higher price targets.Shareholder Returns
| RDDT | US Interactive Media and Services | US Market | |
|---|---|---|---|
| 7D | 10.1% | -1.8% | 0.6% |
| 1Y | -27.8% | 25.8% | 20.1% |
Return vs Industry: RDDT underperformed the US Interactive Media and Services industry which returned 25.8% over the past year.
Return vs Market: RDDT underperformed the US Market which returned 20.1% over the past year.
Price Volatility
| RDDT volatility | |
|---|---|
| RDDT Average Weekly Movement | 12.5% |
| Interactive Media and Services Industry Average Movement | 8.5% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: RDDT's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: RDDT's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 2,555 | Steve Huffman | redditinc.com |
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging. It also organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another.
Reddit, Inc. Fundamentals Summary
| RDDT fundamental statistics | |
|---|---|
| Market cap | US$34.26b |
| Earnings (TTM) | US$871.10m |
| Revenue (TTM) | US$2.78b |
39.3x
P/E Ratio12.3x
P/S RatioIs RDDT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RDDT income statement (TTM) | |
|---|---|
| Revenue | US$2.78b |
| Cost of Revenue | US$237.80m |
| Gross Profit | US$2.54b |
| Other Expenses | US$1.67b |
| Earnings | US$871.10m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.53 |
| Gross Margin | 91.44% |
| Net Profit Margin | 31.35% |
| Debt/Equity Ratio | 0% |
How did RDDT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/16 01:22 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Reddit, Inc. is covered by 38 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Colin Sebastian | Baird |
| Mark Shmulik | Bernstein |
| Justin Post | BofA Global Research |