Reddit’s (RDDT) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Reddit (NYSE:RDDT) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $300.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company lifted their target price on Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a report on Tuesday, October 7th. Roth Capital set a $210.00 price objective on Reddit in a research note on Friday, October 31st. Oppenheimer upped their price objective on Reddit from $215.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Wall Street Zen upgraded Reddit from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, Truist Financial set a $270.00 price target on shares of Reddit in a research report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.28.

Reddit Trading Up 4.0%

NYSE RDDT opened at $234.70 on Monday. Reddit has a 12 month low of $79.75 and a 12 month high of $282.95. The stock has a market cap of $44.48 billion, a PE ratio of 134.88, a P/E/G ratio of 2.49 and a beta of 2.17. The stock’s 50 day moving average is $212.00 and its 200 day moving average is $200.97.

Reddit (NYSE:RDDT) last issued its earnings results on Thursday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.30. The firm had revenue of $584.91 million during the quarter, compared to analyst estimates of $546.65 million. Reddit had a net margin of 18.33% and a return on equity of 14.94%. Reddit’s revenue for the quarter was up 67.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, analysts forecast that Reddit will post 1.12 EPS for the current fiscal year.

Insider Activity at Reddit

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $194.81, for a total value of $3,506,580.00. Following the completion of the sale, the chief executive officer owned 485,958 shares in the company, valued at approximately $94,669,477.98. The trade was a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Benjamin Seong Lee sold 55,005 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $221.21, for a total transaction of $12,167,656.05. Following the completion of the sale, the insider directly owned 62,608 shares of the company’s stock, valued at $13,849,515.68. The trade was a 46.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 461,333 shares of company stock valued at $96,309,724 over the last 90 days. 34.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Reddit

Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Reddit by 35.0% during the 1st quarter. American Century Companies Inc. now owns 11,523 shares of the company’s stock valued at $1,209,000 after purchasing an additional 2,987 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Reddit by 12.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,323 shares of the company’s stock valued at $139,000 after buying an additional 147 shares in the last quarter. Anson Funds Management LP purchased a new stake in Reddit in the first quarter valued at about $13,288,000. Comerica Bank boosted its holdings in Reddit by 12.9% in the first quarter. Comerica Bank now owns 4,145 shares of the company’s stock worth $435,000 after acquiring an additional 473 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of Reddit by 90.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 4,200 shares of the company’s stock worth $441,000 after acquiring an additional 2,000 shares during the last quarter.

Reddit News Roundup

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and set a $300 price target (implying ~28% upside from current levels), which can attract momentum buyers and support the stock’s rally. Needham Buy Rating
• Positive Sentiment: Coverage citing Reddit as an “AI search winner” suggests its content + community data advantage could boost ad targeting and search product monetization, a meaningful fundamental growth narrative for investors. Reddit Emerges as AI Search Winner
• Positive Sentiment: Investor’s Business Daily named Reddit a notable AI-driven pick for 2026, reinforcing bullish sentiment from growth-focused funds and retail investors who follow stock-of-the-day features. IBD Stock of the Day
• Positive Sentiment: Analyses pointing to Reddit’s decent recent performance highlight improving fundamentals and multiple expansion potential, supporting continued investor interest. Yahoo Finance Performance Piece
• Neutral Sentiment: Market write‑ups note Reddit “nears key juncture” from a technical/market-structure perspective — this signals a possible break higher or pullback but is not a direct fundamental catalyst. MSN Market Coverage
• Negative Sentiment: Reddit CTO Christopher Slowe sold 14,000 shares (Dec. 22), reducing his stake by ~7.5%; insider selling can spook some investors even when sales are routine, adding short‑term selling pressure. SEC Form 4
• Negative Sentiment: A Seeking Alpha piece says the author is “impressed but not enough for a buy rating,” highlighting lingering concerns that could temper enthusiasm among value‑oriented or risk‑averse investors. Seeking Alpha Analysis

About Reddit

Reddit is an online social news aggregation, discussion and content-sharing platform organized around user-created communities called “subreddits,” each focused on a particular topic or interest. Registered users submit links, text posts, images and video, and community members vote and comment to surface popular content. The site is accessed via its web platform and mobile apps for iOS and Android, and it supports live events such as Ask Me Anything (AMA) sessions and community-driven discussions.

Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit is headquartered in San Francisco and serves a global audience with particularly large user bases in the United States and other English-speaking markets.