Reddit stock: Wedbush sets USD 221.00 target for Reddit stock
Published on 10/24/2026 at 05:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and earnings calendar
- Wedbush analyst Ygal Arounian maintained a Buy rating and set a USD 221.00 target on October 23, 2026.
- Reddit reported USD 804.91 million revenue for the second quarter of 2026, up 61.00 percent year over year.
- Reddit's next third-quarter results are scheduled for October 29, 2026, after market close.
Reddit (ISIN US75734B1008) became the subject of a fresh Wedbush call on October 23, 2026, when analyst Ygal Arounian maintained a Buy rating and set a USD 221.00 price target, as Markets Insider reported.
What does the target mean?
The analyst view arrives after a strong second quarter and ahead of the next reporting date. Reddit generated USD 804.91 million in revenue and USD 252.85 million in net income for the second quarter of 2026, according to MarketBeat. Revenue increased 61.00 percent from the year-earlier quarter, giving the USD 221.00 target a growth-based backdrop.
Institutional positioning adds a counterpoint. Investment House LLC reduced its Reddit holding by 29.90 percent during the third quarter, selling 17,930 shares and retaining 42,053 shares, according to MarketBeat. The filing also said insiders sold 306,052 shares worth USD 49.8 million during the latest quarter.
Three dated Reddit events
On July 30, 2026, Reddit reported second-quarter revenue of USD 804.91 million and earnings per share of USD 1.25, exceeding the USD 0.95 consensus estimate, according to MarketBeat. On October 13, 2026, Chief Executive Officer Steve Huffman sold 17,308 shares at an average price of USD 158.57, as MarketBeat reported. On October 23, 2026, Wedbush maintained its Buy rating and set the USD 221.00 target.
Next reporting date
Reddit is scheduled to publish its third-quarter 2026 results on October 29, 2026, after the market close, with a conference call set for 4:30 p.m. ET, according to MarketBeat. The release will put advertising growth, user activity and management's outlook alongside the latest analyst expectations.
Valuation and user scale
Reddit had a market capitalization of USD 27.8 billion and a 52-week range of USD 119.27 to USD 263.50 as of October 23, 2026. The company said its platform reached more than 130 million daily active uniques and more than 514 million weekly active uniques as of June 30, 2026, according to Reddit. The further course of trading is shown by the continuously updated real-time quote of Reddit stock.
Reddit market and company facts
- Company: Reddit, Inc.
- ISIN: US75734B1008
- Ticker: RDDT
- Primary exchange: NYSE
- Market capitalization: USD 27.8 billion (as of October 23, 2026)
- 52-week range: USD 119.27-263.50 (as of October 23, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
Market context: Market report S&P 500.
