What is B. Riley’s Forecast for Reddit FY2026 Earnings?

Reddit, Inc. (NYSE:RDDT) – Investment analysts at B. Riley upped their FY2026 EPS estimates for Reddit in a research report issued to clients and investors on Monday, October 21st. B. Riley analyst N. Khan now anticipates that the company will earn $0.81 per share for the year, up from their previous estimate of $0.77. B. Riley has a “Buy” rating and a $87.00 price objective on the stock. The consensus estimate for Reddit’s current full-year earnings is ($4.10) per share. B. Riley also issued estimates for Reddit’s FY2027 earnings at $1.62 EPS and FY2028 earnings at $2.57 EPS.

A number of other research firms have also recently issued reports on RDDT. Roth Mkm raised their target price on shares of Reddit from $66.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein raised their target price on shares of Reddit from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Loop Capital upgraded shares of Reddit from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, August 1st. Cannonball Research started coverage on shares of Reddit in a research note on Tuesday, August 6th. They set a “buy” rating and a $67.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of Reddit from $63.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.78.

Reddit Stock Performance

NYSE RDDT opened at $77.53 on Tuesday. The firm has a 50-day moving average of $64.58 and a 200-day moving average of $59.69. Reddit has a 52-week low of $37.35 and a 52-week high of $81.36.

Reddit (NYSE:RDDT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.25. The firm had revenue of $281.20 million for the quarter, compared to the consensus estimate of $253.86 million. During the same period last year, the company posted ($0.70) earnings per share. The business’s revenue was up 53.6% compared to the same quarter last year.

Institutional Investors Weigh In On Reddit

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lyell Wealth Management LP bought a new stake in shares of Reddit during the 3rd quarter valued at approximately $516,000. Brighton Jones LLC bought a new stake in shares of Reddit during the 3rd quarter valued at approximately $2,898,000. Foundations Investment Advisors LLC bought a new stake in shares of Reddit during the 3rd quarter valued at approximately $341,000. Whittier Trust Co. bought a new stake in shares of Reddit during the 3rd quarter valued at approximately $42,000. Finally, TB Alternative Assets Ltd. bought a new stake in shares of Reddit during the 3rd quarter valued at approximately $2,003,000.

Insider Buying and Selling at Reddit

In other Reddit news, COO Jennifer L. Wong sold 33,334 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $76.27, for a total value of $2,542,384.18. Following the transaction, the chief operating officer now directly owns 1,542,457 shares of the company’s stock, valued at $117,643,195.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Reddit news, COO Jennifer L. Wong sold 33,334 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $76.27, for a total value of $2,542,384.18. Following the transaction, the chief operating officer now directly owns 1,542,457 shares of the company’s stock, valued at $117,643,195.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Porter Gale sold 30,000 shares of Reddit stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $52.31, for a total transaction of $1,569,300.00. Following the sale, the director now directly owns 71,459 shares in the company, valued at $3,738,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,327 shares of company stock valued at $23,115,824 in the last ninety days.

About Reddit

Reddit, Inc operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.