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On June 24, 2025,
(RDDT) saw a trading volume of $845 million, ranking 80th in the day's stock market activity. The stock price increased by 4.95%.Reddit's stock has been bolstered by a series of positive analyst ratings. Guggenheim reaffirmed a "buy" rating and set a target price of $165.00 for Reddit shares in a recent research report. This endorsement comes as analysts remain optimistic about the company's future prospects, particularly in the areas of AI partnerships and strategic growth.
Analysts have also highlighted Reddit's strong financial performance, with EBITDA projections for 2025 and 2026 showing significant growth. For 2025, analysts forecast an EBITDA of $555 million with a 31% margin, and for 2026, the projection is $904 million with a 38% margin. These optimistic forecasts reflect the company's potential for long-term growth and profitability.
In addition to Guggenheim, other analysts have also reiterated their "buy" ratings for Reddit. Citigroup, for instance, raised its price target from $158 to $163, citing the company's strong performance and potential for further growth. This collective endorsement from analysts has contributed to the recent surge in Reddit's stock price, driven by investor confidence in the company's strategic initiatives and financial health.
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