Reddit (NYSE:RDDT) Stock Price Up 7.9% – Still a Buy?

Shares of Reddit Inc. (NYSE:RDDT) were up 7.9% on Thursday . The company traded as high as $234.78 and last traded at $245.2430. Approximately 350,205 shares were traded during trading, a decline of 95% from the average daily volume of 7,029,227 shares. The stock had previously closed at $227.34.

Key Stores Impacting Reddit

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: MarketBeat’s TL;DR highlights rapid DAU/WAU expansion, strong Q3 revenue and EPS beats, and sizable international growth — a narrative supporting further ad monetization and ARPU expansion heading into 2026. Read More.
• Positive Sentiment: Analyst activity is constructive: several firms have raised targets or maintained buy ratings (Jefferies, China Renaissance initiation, others cited), implying upside relative to consensus and helping investor confidence. (See MarketBeat piece above for coverage of recent price-target moves.)
• Positive Sentiment: Softer inflation / macro headlines are improving the investment case for growth and ad-driven names; coverage argues that easing inflation expectations can re-rate Reddit by reducing discount-rate concerns and supporting ad budgets. Read More.
• Neutral Sentiment: Stories noting what Wall Street will watch in 2026 (product/monetization, ARPU, international expansion) underscore catalysts but don’t add immediate data-driven moves; useful for medium-term thesis rather than intraday action. Read More.
• Neutral Sentiment: News that a Reddit post helped surface a tip in a university shooting investigation highlights the platform’s real-world reach — a reputational datapoint that can be framed positively for engagement but also raises ongoing moderation and liability considerations. Read More.
• Negative Sentiment: Large insider sales: Benjamin Seong Lee sold 55,005 shares (Dec. 16) and 18,750 shares (Dec. 18) across recent transactions; CEO Steve Huffman also sold 18,000 shares (Dec. 15). The size and frequency of these sales can create short-term selling pressure and raise investor questions about timing of liquidity events. Read More.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RDDT shares. Zacks Research upgraded Reddit from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. Citigroup increased their target price on Reddit from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Reddit in a research report on Monday. Morgan Stanley restated an “overweight” rating and issued a $250.00 price target on shares of Reddit in a report on Friday, October 31st. Finally, Robert W. Baird boosted their target price on shares of Reddit from $177.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.28.

Reddit Price Performance

The firm has a market cap of $44.19 billion, a P/E ratio of 134.03, a PEG ratio of 2.55 and a beta of 2.17. The firm’s 50-day moving average price is $208.53 and its 200 day moving average price is $195.10.

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

Insider Buying and Selling at Reddit

In other news, CTO Christopher Brian Slowe sold 24,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $192.72, for a total transaction of $4,625,280.00. Following the sale, the chief technology officer directly owned 175,694 shares in the company, valued at approximately $33,859,747.68. This represents a 12.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer L. Wong sold 63,427 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $192.72, for a total transaction of $12,223,651.44. Following the transaction, the chief operating officer directly owned 1,184,528 shares of the company’s stock, valued at approximately $228,282,236.16. This trade represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 479,374 shares of company stock valued at $101,673,634. Corporate insiders own 34.25% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Reddit by 12.9% in the 3rd quarter. Vanguard Group Inc. now owns 12,238,508 shares of the company’s stock worth $2,814,734,000 after acquiring an additional 1,401,293 shares during the period. Alliancebernstein L.P. raised its stake in Reddit by 103.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,659,990 shares of the company’s stock valued at $593,733,000 after purchasing an additional 2,871,232 shares during the period. State Street Corp lifted its holdings in shares of Reddit by 22.3% in the third quarter. State Street Corp now owns 2,481,931 shares of the company’s stock valued at $570,819,000 after purchasing an additional 451,792 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Reddit by 7.5% during the second quarter. JPMorgan Chase & Co. now owns 2,051,175 shares of the company’s stock valued at $308,846,000 after buying an additional 143,680 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Reddit by 72.1% during the second quarter. Geode Capital Management LLC now owns 1,989,004 shares of the company’s stock valued at $299,044,000 after buying an additional 833,245 shares during the period.

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.