Needham Rates Reddit (RDDT) Buy, $300 Price Target

Needham maintains its Buy rating on Reddit, Inc. with a price target of $300 as of October 9, 2026, a 93.72% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:15 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Needham rated Reddit, Inc. ($RDDT) "Buy" with a $300 price target on October 9, 2026.

Since the rating, $RDDT is down 2.4% after 1 week and down 2.4% to date (from the $159.91 close on Oct 9, 2026).

RDDT Reddit, Inc.

$156.14 -35.45% year to date

Daily close · Oct 16, 2026

Key Points

Needham reiterated its Buy rating on Reddit, Inc. with a price target of $300 on October 9, 2026.
Needham's $300 price target implies 93.72% upside from Reddit, Inc.'s ($RDDT) current $154.86 share price.
Reddit's stock recently traded at $154.86, significantly below both the analyst target and the mean price target of $213.71.
The company is set to announce its next earnings on October 29, 2026, following strong revenue growth of 61.1% year-over-year.

Get $RDDT trade alerts by text

We text you when insiders, Congress or big funds trade $RDDT. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Reddit, Inc. alert may contain errors. Disclosures

Needham reiterated its Buy rating on Reddit, Inc. (NYSE: RDDT) with a price target of $300 on October 9, 2026. This target remains unchanged from their previous assessment. The stock recently traded at $154.86 as of October 16, 2026, indicating a significant gap from the analyst's target price.

Other Institutional Activity in Reddit, Inc.

Several other institutional investors have also been active in Reddit's stock. Blackrock Inc. grew its holdings by 341,740 shares, bringing its total to 8,004,079 shares worth about $1.25 billion. Vanguard Portfolio Management LLC added 204,023 shares, increasing its stake to 6,937,449 shares valued at approximately $1.08 billion. Conversely, Baillie Gifford & Co. reduced its holdings by 117,675 shares, leaving it with 7,191,302 shares worth around $1.12 billion.

Reddit, Inc. Stock Up 4.2%

Reddit's stock is currently trading below its 200-day moving average and is about 41.2% off its 52-week high of $263.50. However, it is above its 52-week low of $119.27, showing a 29.8% increase from that level. As of the recent trading, the stock is also below the mean analyst target price of $213.71, suggesting potential room for growth if the market aligns with analyst expectations.

12-month forecast

$RDDT price target

Reddit, Inc. daily closes and this analyst's $300 target. Not advice.

Recent Earnings

In its most recent earnings report, Reddit, Inc. posted a revenue of approximately $2.78 billion for the trailing twelve months, reflecting a significant year-over-year growth rate of 61.1%. The company's earnings per share (EPS) stood at $4.30, with a net margin of 31.3% and a return on equity (ROE) of 30.7%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Reddit, Inc.

Insider trading activity at Reddit includes several sales by key executives. CEO Steve Ladd Huffman sold 18,000 shares on August 31, 2026, valued at approximately $2.66 million. He also sold 17,308 shares on September 15 and another 17,308 shares on September 29, totaling around $5.28 million. COO Jennifer L Wong sold 60,000 shares on September 14, 2026, valued at about $9.74 million. All sales occurred prior to the recent analyst rating and do not suggest any bullish sentiment.

Analysts Set New Price Targets

On October 9, 2026, Needham reiterated its Buy rating on Reddit, maintaining a price target of $300. Other analysts have also been active, with firms like JP Morgan and Oppenheimer maintaining their ratings but adjusting their price targets to $185.00 and $200.00, respectively. The current consensus among analysts suggests a mean price target of about $213.71, with 33 analysts providing their opinions on the stock.

About Reddit, Inc.

Reddit, Inc. operates a popular online platform that allows users to engage in discussions, share content, and build communities around shared interests. Founded in San Francisco, California, the company has grown to employ over 2,500 people and remains a significant player in the Internet Content & Information sector. This reiteration of Needham's Buy rating highlights continued confidence in Reddit's business model and growth potential.

Bottom Line

With the next earnings report approaching on October 29, 2026, investors will be watching closely for updates on Reddit's financial performance. The gap between the recent stock price and analyst targets may indicate potential upside if the company's results align with expectations. Keep an eye on further analyst ratings and institutional activity as the market continues to evolve.