Cantor Fitzgerald Forecasts Strong Price Appreciation for Reddit (NYSE:RDDT) Stock

Key Points

• Cantor Fitzgerald raised its price target on Reddit from $170 to $180 and maintained a "neutral" rating, implying about 9.2% upside, while the Street average target is $227.36 with a consensus of "Moderate Buy."
• Reddit beat Q1 expectations, reporting $1.01 EPS vs. $0.62 estimate and $663.4M revenue (+69.1% YoY), and issued upbeat Q2 guidance ($715–$725M) as AI-driven ad products accelerate monetization.
• Insider and market activity: a director purchased 43,800 shares at $149.52, insiders have net sold more in the past 90 days, and the stock traded at $164.84 with a $31.5B market cap and a 52-week range of $94.89–$282.95.

Reddit (NYSE:RDDT - Get Free Report) had its price target lifted by research analysts at Cantor Fitzgerald from $170.00 to $180.00 in a report released on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Cantor Fitzgerald's target price indicates a potential upside of 9.20% from the stock's previous close.

Several other analysts have also recently commented on RDDT. Evercore reiterated an "outperform" rating and set a $290.00 price target on shares of Reddit in a research report on Friday, February 6th. Roth Mkm upped their target price on Reddit from $210.00 to $215.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $285.00 target price on shares of Reddit in a report on Tuesday, January 20th. Robert W. Baird set a $200.00 target price on Reddit in a report on Friday, February 6th. Finally, B. Riley Financial upped their target price on Reddit from $245.00 to $250.00 and gave the company a "buy" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Reddit has an average rating of "Moderate Buy" and an average price target of $227.36.

Reddit Price Performance

NYSE RDDT traded up $17.61 during trading on Friday, hitting $164.84. The company's stock had a trading volume of 7,277,737 shares, compared to its average volume of 5,203,650. Reddit has a fifty-two week low of $94.89 and a fifty-two week high of $282.95. The company has a market cap of $31.49 billion, a PE ratio of 62.87, a P/E/G ratio of 1.07 and a beta of 2.40. The business's 50 day simple moving average is $144.12 and its 200-day simple moving average is $184.31.

Reddit (NYSE:RDDT - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.39. The company had revenue of $663.41 million during the quarter, compared to the consensus estimate of $607.74 million. Reddit had a return on equity of 20.89% and a net margin of 24.05%.Reddit's revenue for the quarter was up 69.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. Analysts expect that Reddit will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sarah E. Farrell bought 43,800 shares of Reddit stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of $149.52 per share, with a total value of $6,548,976.00. Following the purchase, the director owned 43,800 shares in the company, valued at approximately $6,548,976. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Christopher Brian Slowe sold 19,036 shares of the firm's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $144.05, for a total value of $2,742,135.80. Following the completion of the transaction, the chief technology officer owned 185,057 shares of the company's stock, valued at $26,657,460.85. The trade was a 9.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 61,000 shares of company stock worth $8,870,815 and have sold 280,441 shares worth $40,873,759. 34.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Reddit

Several hedge funds have recently bought and sold shares of RDDT. NewEdge Advisors LLC grew its stake in Reddit by 143.3% during the first quarter. NewEdge Advisors LLC now owns 7,982 shares of the company's stock valued at $837,000 after acquiring an additional 4,701 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Reddit in the 1st quarter valued at $213,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Reddit by 106.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,960 shares of the company's stock valued at $22,759,000 after purchasing an additional 111,780 shares in the last quarter. Focus Partners Wealth raised its holdings in Reddit by 40.8% during the 1st quarter. Focus Partners Wealth now owns 10,224 shares of the company's stock valued at $1,073,000 after buying an additional 2,965 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Reddit by 344.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 369 shares of the company's stock valued at $39,000 after buying an additional 286 shares during the last quarter.

More Reddit News

Here are the key news stories impacting Reddit this week:

• Positive Sentiment: Q1 results materially beat expectations — Reddit reported $663M in revenue (well above estimates) and $1.01 adjusted EPS, supported by a ~69% YoY revenue increase and a ~74% jump in ad revenue, signaling stronger monetization. Read More.
• Positive Sentiment: Company provided upbeat Q2 revenue guidance ($715M–$725M), above Street estimates, reinforcing the view that AI-driven ad products are translating into measurable revenue growth. Read More.
• Positive Sentiment: Management and press highlights AI-driven ad performance and product traction (including improved search usage), supporting sustainable ad monetization and longer-term TAM expansion. Read More.
• Positive Sentiment: Several brokers reaffirmed buy ratings and high price targets (Needham $300, DA Davidson $200), indicating continued analyst confidence in upside after the quarter. Read More.
• Neutral Sentiment: Coverage update: Citizens Jmp trimmed its price target from $250 to $240 but kept a "market outperform" rating — a modest pullback in optimism but still positive relative to current levels. Read More.
• Positive Sentiment: Market commentary and headlines emphasize the role of Reddit’s unique community content as “fuel” for AI, which investors interpret as a durable competitive advantage for ad products. Read More.
• Negative Sentiment: Some analyst notes and press pieces highlight differing valuations and mixed views across coverage — price targets vary widely, reflecting uncertainty about how sustainably Reddit can scale margins and ad yields. 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.

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