The stock of social media platform Reddit (RDDT) has received multiple price target increases from Wall Street firms.
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Analysts at Piper Sandler (PIPR) reiterated a Buy-equivalent, overweight rating on RDDT stock and raised their price target on the shares to $290 from $210 previously. At the same time, Citizens JMP (JAMF) lifted its price target on Reddit’s stock to $300 from $225, while also maintaining a Buy rating.
Thomas Champion, a top five-star rated analyst at Piper Sandler, sees multiple catalysts for Reddit over the next year. The two latest price target boosts come after Reddit announced that it is seeking a new artificial intelligence (AI) content deal with Google parent company Alphabet (GOOGL).
Other Bulls
While Piper Sandler and Citizens JMP are the latest firms to upgrade RDDT stock, they are not the only firms on Wall Street that are bullish on the company that runs online chat forums. On Sept. 16, Oppenheimer (OPY) raised its price target on the shares to $300 from $215.
Other firms to take their price targets on RDDT stock up to $300 recently include Needham and Jefferies Financial Group (JEF). The price target boosts come with Reddit’s shares trading at $280 each, having gained 71% so far in 2025.
Is RDDT Stock a Buy?
The stock of Reddit has a consensus Moderate Buy rating among 23 Wall Street analysts. That rating is based on 15 Buy and eight Hold recommendations assigned in the last three months. The average RDDT price target of $216.83 implies 22.50% downside from current levels.
