- Needham analyst Laura Martin maintained a Buy rating on Reddit and set a $300 price target on October 9, 2026.
- Reddit shares have declined 40% since their January 2026 high, closing at $156.47 on October 8, 2026.
- The stock's forward earnings multiple of 18.3x is near its one-year low and below its 27.7x average, while earnings estimates are rising.
- The $300 target implies a 35x forward earnings multiple, above the past year's average, making the upside case dependent on traffic and the Alphabet data deal.
- Reddit reported quarterly revenue of $804.91 million and net profit of $252.85 million for the quarter ending June 30, versus $499.63 million revenue and $89.3 million net profit a year earlier.
- Insider activity is net selling over the past quarter, including a $820,069.76 sale of 5,128 shares by Director Robert A. Sauerberg in August 2026.