WallStSmart
RDDT

Reddit, Inc.

NYSE: RDDT · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION

$147.75
-0.12% today

Updated 2026-04-29

Market cap
$28.43B
P/E ratio
56.39
P/S ratio
12.91x
EPS (TTM)
$2.62
Dividend yield
—
52W range
$95 – $283
Volume
4.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Reddit, Inc. (RDDT) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$147.75
Consensus
$232.32
+57.24%
2030 Target
$557.60
+277.39%
DCF
—
—
25 analysts:
16 Buy9 Hold1 Sell

Management guidance

Reddit management has not issued explicit multi-year revenue guidance in available disclosures. However, recent earnings show strong momentum with 69.4% YoY revenue growth in 2025 ($2.20B) and guidance for continued growth driven by AI data licensing, international expansion, and retail advertising tools. Management emphasizes profitability milestone achieved in 2025 with authorization of $1B share buyback program.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$938.40
$8.9B Rev × 20x P/S
Base case (2030)
$557.60
$8.9B Rev × 12x P/S
Bear case (2030)
$367.20
$8.9B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$0.8B$1.3B$2.2B$3.2B$4.3B$5.6B$7.1B$8.9B
Revenue growth—61.7%69.4%45.5%34.4%30.2%26.8%25.4%
EPS$0.21$-7.73$3.06$4.21$5.95$7.84$9.95$12.45
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$204.00$272.00$353.60$448.80$557.60

Catalysts & risks

Growth catalysts
+ AI data licensing deals with Google Gemini and OpenAI expanding revenue stream
+ Retail advertising expansion via Shopify integration and Collection Ads
+ International market penetration driving incremental user base monetization
+ Healthcare advertising vertical via PulsePoint partnership
+ Age/identity verification tools reducing regulatory risk and boosting advertiser confidence
+ Share buyback program ($1B authorized) supporting EPS accretion
Key risks
- UK ICO fine ($20M) and ongoing regulatory scrutiny on child data protection could impact user acquisition
- Age verification implementation may create friction reducing user growth velocity
- AI data licensing deal durability uncertain; OpenAI/Google could terminate or renegotiate
- Advertising concentration risk; reliance on limited customer base for revenue growth
- Insider selling activity (CEO, COO, CTO selling shares) signals possible valuation concerns
- Stock down 51% from 52-week high; market skepticism on growth sustainability after 69% YoY

Methodology

Reddit, Inc.'s forward estimates are derived from AI-powered research synthesis combining analyst consensus from 25 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.