$124.78
5.38% yesterday
NYSE, Nov 15, 10:18 pm CET
ISIN
US75734B1008
Symbol
RDDT

Reddit Target price 2024 - Analyst rating & recommendation

Reddit Classifications & Recommendation:

Buy
63%
Hold
32%
Sell
5%

Reddit Price Target

Target Price $114.41
Price $124.78
Deviation
Number of Estimates 17
17 Analysts have issued a price target Reddit 2025 . The average Reddit target price is $114.41. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 19 analysts: 12 Analysts recommend Reddit to buy, 6 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Reddit stock has an average upside potential 2025 of . Most analysts recommend the Reddit stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 0.80 1.27
20.60% 58.19%
EBITDA Margin -15.73% 21.13%
36.12% 234.34%
Net Margin -12.13% -59.97%
53.56% 394.42%

17 Analysts have issued a sales forecast Reddit 2024 . The average Reddit sales estimate is

$1.3b
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. This is
13.34% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.3b 14.59%
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, the lowest is
$1.3b 12.41%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $804m 20.60%
2024
$1.3b 58.19%
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2025
$1.7b 30.00%
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2026
$2.0b 21.92%
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2027
$2.5b 22.89%
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2028
$3.0b 19.42%
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17 Analysts have issued an Reddit EBITDA forecast 2024. The average Reddit EBITDA estimate is

$269m
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. This is
145.15% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$289m 148.57%
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, the lowest is
$261m 143.78%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-126m 22.97%
2024
$269m 312.49%
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2025
$451m 67.89%
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2026
$635m 40.76%
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2027
$907m 42.81%
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2028
$1.3b 40.68%
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EBITDA Margin

2023 -15.73% 36.12%
2024
21.13% 234.34%
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2025
27.28% 29.11%
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2026
31.50% 15.47%
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2027
36.61% 16.22%
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2028
43.12% 17.78%
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14 Reddit Analysts have issued a net profit forecast 2024. The average Reddit net profit estimate is

$-763m
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. This is
32.73% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-462m 19.70%
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, the lowest is
$-1.4b 140.61%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-97.5m 44.00%
2024
$-763m 682.15%
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2025
$115m 115.02%
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2026
$247m 115.53%
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2027
$425m 72.14%
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2028
$617m 45.15%
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Net Margin

2023 -12.13% 53.56%
2024
-59.97% 394.42%
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2025
6.93% 111.56%
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2026
12.25% 76.77%
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2027
17.16% 40.08%
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2028
20.86% 21.56%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -0.56 -4.38
44.00% 682.14%
P/E negative
EV/Sales 15.87

14 Analysts have issued a Reddit forecast for earnings per share. The average Reddit <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-4.38
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. This is
32.73% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-2.65 19.70%
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, the lowest is
$-7.94 140.61%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-0.56 44.00%
2024
$-4.38 682.14%
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2025
$0.66 115.07%
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2026
$1.42 115.15%
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2027
$2.44 71.83%
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2028
$3.54 45.08%
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P/E ratio

Current
2024
-28.49 24.73%
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2025
189.64 765.64%
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2026
87.98 53.61%
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2027
51.11 41.91%
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2028
35.22 31.09%
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Based on analysts' sales estimates for 2024, the Reddit stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

15.87
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
17.22
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 17.99
2024
15.87 11.76%
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2025
12.21 23.08%
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2026
10.02 17.98%
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2027
8.15 18.63%
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2028
6.82 16.26%
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P/S ratio

Current
2024
17.22 11.77%
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2025
13.25 23.08%
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2026
10.87 17.98%
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2027
8.84 18.63%
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2028
7.41 16.26%
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