Needham keeps USD 300 target for Reddit stock, 91.1 percent above price
Published on 10/15/2026 at 20:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and valuation update
- Needham maintained its USD 300.00 Reddit target on October 9, 2026.
- Revenue reached USD 804.91 million in the second quarter of 2026.
- Reddit stock costs EUR 139.50 at Lang & Schwarz on October 15, 2026 at 7:58 p.m. CEST, while Nasdaq trading rose 5.63 percent from USD 148.60.
- Reddit carried a USD 30.2 billion market capitalization and a P/E ratio of 36.48.
Needham maintained a Buy rating and a USD 300.00 price target for Reddit on October 9, 2026, putting the target 91.12 percent above the Nasdaq price of USD 156.97. The firm cited accelerating traffic metrics in the third quarter of 2026, according to Investing.com. Reddit stock was priced at EUR 139.50 at Lang & Schwarz on October 15, 2026 at 7:58 p.m. CEST.
Revenue sets the operating backdrop
Reddit generated USD 804.91 million in revenue in the second quarter of 2026, while net income attributable to common shareholders reached USD 252.85 million. Diluted earnings per share came to USD 1.25 in the same period, and operating cash flow was USD 261.88 million.
The reported revenue figure gives the stock a substantial operating base ahead of the next results cycle. Reddit also reported 130 million daily active uniques and 514 million weekly active uniques as of June 30, 2026, showing the scale behind its advertising platform.
Price position and trading range
The Nasdaq quote stood at USD 156.97 at 2:01 p.m. ET on October 15, 2026, up 5.63 percent from the USD 148.60 prior close. Trading volume was 2,130,810 shares against an average volume of 5,918,693 shares.
The 52-week Nasdaq range was USD 119.27 to USD 263.50. The latest price was 40.43 percent below the high and 31.59 percent above the low. Reddit was down 32.00 percent year to date, according to the October 14, 2026 report from Investing.com.
Valuation metrics
Reddit had a market capitalization of USD 30.2 billion and a trailing P/E ratio of 36.48 on October 15, 2026. The stock paid no trailing dividend. Barchart said analysts expected diluted earnings per share of USD 1.30 for the fiscal third quarter of 2026, up 62.50 percent from USD 0.80 in the year-ago quarter.
Comparison with peers
Reddit (NYSE, USD): plus 5.63 percent, P/E 36.48, market capitalization USD 30.2 billion.
Pinterest (NYSE, USD): plus 4.11 percent, P/E 66.56, market capitalization USD 12.8 billion.
Snap (NYSE, USD): plus 1.97 percent, P/E minus 33.30, market capitalization USD 10.5 billion.
Market view in one figure
Needham's USD 300.00 target remains the clearest dated valuation reference in the current market discussion, while Reddit's second-quarter revenue and cash generation provide the operating figures behind that assessment.
The Nasdaq quote was USD 156.97 at 2:01 p.m. ET on October 15, 2026, and the euro indication was EUR 139.50 at Lang & Schwarz at 7:58 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Reddit stock.
Reddit stock facts
- Company: Reddit, Inc.
- ISIN: US75734B1008
- Ticker: RDDT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 7:58 p.m. CEST): EUR 139.50
- Nasdaq price: USD 156.97 at 2:01 p.m. ET on October 15, 2026
- Market capitalization: USD 30.2 billion (as of October 15, 2026)
- 52-week range: USD 119.27-263.50 (as of October 15, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
