Rating Change
Needham reiterated its Buy rating on Reddit, Inc. (NYSE:RDDT) on October 09, 2026.
reiterateNYSE:RDDT
Needham Reiterates Buy Rating on Reddit, Inc. (RDDT)
Needham reiterated its Buy rating on Reddit, Inc. (NYSE:RDDT) on October 09, 2026.
At publication ·
What changed
Reddit, Inc. (NYSE:RDDT) · reiterate
- Firm
- Needham
- Rating
- Buy to Buy
- Price at event
- $159.96
- Market capitalization
- $44.3B
At a glance
Key takeaways
- Reddit trades at $159.96 with a $44.3 billion market cap and has declined 23.2% over the past 52 weeks.
Market Context
Reddit, Inc. operates in the Communication Services sector. The stock currently trades at $159.96 with a market capitalization of $44.3B. The stock has declined 23.2% over the past 52 weeks.
Analyst coverage from Needham provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Reddit, Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Reddit, Inc.
Among the 10 most recent ratings: 7 Buy, 3 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 09, 2026 | Needham | Buy | N/A |
| Sep 18, 2026 | DA Davidson | Buy | N/A |
| Aug 21, 2026 | Morgan Stanley | Overweight | N/A |
| Jul 31, 2026 | Wells Fargo | Equal-Weight | N/A |
| Jul 31, 2026 | B. Riley Securities | Buy | N/A |
Related Tools: Analyst Ratings Dashboard | View RDDT Stock Page
Frequently Asked Questions
What does the Buy rating mean for RDDT?
A rating of Buy from Needham reflects the analyst's outlook on Reddit, Inc. (NYSE:RDDT). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the RDDT forecast page.