Needham & Company LLC Reaffirms “Buy” Rating for Reddit (NYSE:RDDT)

Reddit (NYSE:RDDT)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a report released on Monday,Benzinga reports. They currently have a $300.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 28.51% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. B. Riley reissued a “buy” rating and issued a $245.00 target price (up from $235.00) on shares of Reddit in a research note on Friday, October 31st. Citigroup lifted their price objective on Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reddit in a research report on Monday, December 22nd. Wells Fargo & Company raised their target price on shares of Reddit from $155.00 to $174.00 and gave the stock a “cautious” rating in a report on Tuesday, October 7th. Finally, Truist Financial set a $270.00 price target on shares of Reddit in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

Reddit Stock Performance

Shares of NYSE:RDDT opened at $233.44 on Monday. The company has a 50 day moving average price of $212.56 and a two-hundred day moving average price of $201.78. The company has a market capitalization of $44.24 billion, a PE ratio of 134.16, a PEG ratio of 2.59 and a beta of 2.17. Reddit has a 52 week low of $79.75 and a 52 week high of $282.95.

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

Insider Buying and Selling

In other news, CEO Steve Ladd Huffman sold 18,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $220.28, for a total value of $3,965,040.00. Following the sale, the chief executive officer owned 448,576 shares of the company’s stock, valued at $98,812,321.28. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jennifer L. Wong sold 39,167 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $234.37, for a total transaction of $9,179,569.79. Following the completion of the transaction, the chief operating officer directly owned 1,184,528 shares of the company’s stock, valued at approximately $277,617,827.36. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 461,333 shares of company stock valued at $96,309,724 over the last ninety days. Insiders own 34.25% of the company’s stock.

Institutional Trading of Reddit

Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas grew its holdings in Reddit by 880.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 94,676 shares of the company’s stock worth $14,255,000 after acquiring an additional 85,020 shares during the last quarter. Petrus Trust Company LTA acquired a new position in shares of Reddit during the first quarter worth $473,000. Think Investments LP lifted its holdings in shares of Reddit by 10.3% during the first quarter. Think Investments LP now owns 268,000 shares of the company’s stock worth $28,113,000 after purchasing an additional 25,000 shares during the period. Sender Co & Partners Inc. bought a new stake in shares of Reddit in the first quarter worth $1,367,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Reddit in the second quarter valued at $2,078,000.

Key Stores Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Needham reaffirmed a “buy” rating and set a $300 price target, which supports upside expectations and may attract momentum buyers. Read More.
• Positive Sentiment: Coverage argues Reddit is an AI search beneficiary — its community content and signals could be valuable to AI summaries and search, implying stronger monetization potential for ads and search products. Read More.
• Positive Sentiment: Investor’s Business Daily/Wall Street writeups name Reddit a top AI‑driven pick for 2026, bolstering retail and growth‑fund interest. Read More.
• Neutral Sentiment: Technical/market pieces note Reddit “nears a key juncture” — could lead to a breakout or a pullback depending on market sentiment, but not a direct fundamental catalyst. Read More.
• Neutral Sentiment: Broader AI trend commentary frames 2026 as a year of dealing with AI complexities — positive for platforms that supply high-quality data, but also raises execution risk and regulation uncertainty. Read More.
• Negative Sentiment: Insider selling: CTO Christopher Slowe sold 14,000 shares (Dec. 22) — part of a series of recent sales — which can prompt near‑term selling pressure or signal insiders monetizing gains. Read More.
• Negative Sentiment: Critical analysis and some sell‑side skepticism remain — pieces saying they’re “impressed but not enough to buy” keep value/risk‑averse investors on the sidelines and cap multiple expansion. Read More.

Reddit Company Profile

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.