Reddit Consensus Price Target Decreased by 20.11% to $175.18
The average one-year price target for Reddit (NYSE:RDDT) (DB:6VO) has been revised to $175.18 / share. This represents a decrease of 20.11% from the prior estimate of $219.28 dated October 20, 2026. These figures are aggregate analyst targets compiled from multiple sources and do not represent a recommendation orinvestment adviceby Fintel.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $111.10 to a high of $318.15 / share. The average price target represents an increase of 30.16% from the latest reported closing price of $134.59 / share as of October 28, 2026.
This revision is part of a downward trend, marking 6 consecutive target decreases. Looking at the target history, the mean target was $221.83 on September 15, 2026, $220.10 on October 2, 2026, $219.28 on October 24, 2026, and reached $175.18 on November 2, 2026. This latest mean target of $175.18, observed on November 2, 2026, is the lowest among the observed twelve-month mean targets, while the observed twelve-month high mean target was $258.95 on February 4, 2026. Additionally, the current target represents a -22.00% change since the 90-day baseline date of August 4, 2026.
In terms of market performance, Reddit's stock price decreased by 12.19% over one week, relative to a baseline close of $153.28 on October 21, 2026, and decreased by 5.93% over one month, relative to a baseline close of $143.08 on September 28, 2026. On October 29, 2026, the company reported its latest earnings, with an actual EPS of 1.4 compared to an estimated EPS of 1.3747, representing a positive surprise of +1.84%. Actual revenue was reported at $894,960,000.00, which was -0.06% below the estimated revenue of $895,533,367.00.
Recent analyst actions on October 30, 2026, include B. Riley Securities maintaining a Buy rating, Cantor Fitzgerald maintaining a Neutral rating, Citigroup maintaining a Buy rating, and Citizens downgrading the stock from Market Outperform to Market Perform. As of the November 1, 2026 recommendation period, the total number of recommendations stands at 40, with 57.5% positive, 40.0% hold, and 2.5% negative. This compares to the October 1, 2026 period, which also had 40 total recommendations but featured 65.0% positive, 32.5% hold, and 2.5% negative recommendations.
Reddit operates within the Communication Services sector and the Interactive Media & Services sub-industry. Within this sub-industry, 17 companies are covered. Among these, 4 companies had their targets raised, 5 had their targets lowered, and 8 remained unchanged. The sub-industry median revision percent is 0.00%, with a median implied change percent of +48.94%.
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This story originally appeared on Fintel.