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Reddit, Inc.

RDDT · NYSE

Market closed$181.29$-3.97 (-2.14%)After hours $180.40 · -0.49%

Key statistics

Previous close$185.26
Open$179.46
Day high$184.95
Day low$173.71
52-week high$282.95
52-week low$119.27
Market cap34.90B
Volume2.90M
Average volume4.91M
P/E ratio51.80
Forward P/E—
EPS3.50
Dividend yield0.00%

Market context

Why it moved

RDDT shares declined as broader technology sector weakness and a valuation de-rating across AI-adjacent stocks — triggered by TSMC's elevated capital expenditure outlook and escalating geopolitical tensions — pressured high-multiple names like Reddit despite a new "Outperform" initiation from Wedbush.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Reddit shares declined amid a broad Communication Services sector selloff, with the sector falling roughly 2.9% on the day as Netflix's weak Q3 guidance and escalating U.S.-Iran tensions fueled a risk-off tone across tech and internet names. The decline comes despite a bullish Wedbush initiation — the firm assigned an 'Outperform' rating with a $250 price target, naming Reddit a top mid-cap internet pick based on its community engagement and AI data licensing potential. Investors remain focused on the upcoming 2026 renewal of Reddit's content licensing deals with Google and OpenAI, which Wells Fargo estimates could surge to $550M annually, a potential quadrupling of the current run rate.

-2.1429

July 17, 2026Reddit shares tumbled over 6%, significantly underperforming both the Communication Services sector (XLC) and the broader S&P 500, as broad tech sector de-risking weighed on AI-adjacent names amid renewed pressure on high-valuation growth stocks. The decline came despite a bullish Wedbush initiation at Outperform with a $250 price target, with analyst Ygal Arounian naming Reddit a top mid-cap internet pick based on its community engagement strength and AI monetization potential—including the high-stakes 2027 renewals of its data licensing deals with Google and OpenAI, which Wells Fargo estimates could surge to $550M annually. Reddit's year-to-date slide now stands near 20%, leaving shares roughly 30% below their 52-week high.

-6.3778

July 16, 2026Reddit shares fell despite the broader S&P 500 closing modestly higher, as investor focus turned to questions about advertising growth sustainability and whether the stock's rapid recovery from earlier lows is getting ahead of fundamentals. Fresh analyst commentary highlighted Reddit's fast-growing ad share and strong Q1 results—revenue up 69.1% YoY with a significant EPS beat—but concerns around AI data licensing renewal terms, platform engagement, and elevated insider selling (226,308 shares worth ~$37.9M over 90 days) weighed on sentiment. With a consensus 'Moderate Buy' rating and an average price target of $231.14, Wall Street remains broadly constructive, though the stock's high beta and ongoing macro headwinds from Iran-driven oil uncertainty and Fed rate hike risks added pressure.

-2.6664

July 15, 2026Reddit shares edged higher, outperforming the broader communication services sector (XLC), as investors continued to digest the company's strong Q1 earnings beat — $1.01 EPS vs. $0.62 expected and revenue up 69.1% year-over-year to $663.4M — alongside a wave of institutional buying disclosed in recent 13F filings. Multiple firms including Carnegie Investment Counsel, UBS Asset Management, and IFC Advisors added to RDDT positions in Q1, supporting bullish sentiment even as insider selling remains elevated (~226K shares sold over 90 days). Piper Sandler reiterated an 'Overweight' rating with a $215 price target, while the consensus stands at 'Moderate Buy' with an average target of $231.14 — roughly 14% above current levels. The broader market found modest footing after a cooler-than-expected June CPI print (headline inflation fell to 3.5%), helping offset Monday's selloff tied to renewed U.S.-Iran tensions and surging oil prices.

1.1646

July 14, 2026Reddit shares rose nearly 3% on Monday, outperforming the broader market as investors responded to positive momentum from Jefferies' channel checks indicating Reddit is quietly gaining digital advertising market share — with agency data suggesting advertisers are shifting budgets toward Reddit due to improved campaign ROI. The advance came despite a risk-off backdrop driven by renewed U.S.-Iran hostilities and a chip stock selloff, with the S&P 500 under pressure. Analyst sentiment remains constructive, with a consensus Moderate Buy, an average price target of $231.14, and a Jefferies-set target of $250, as Reddit's upcoming AI content licensing deal renewals with Google and OpenAI — potentially worth $550M annually per Wells Fargo — keep the long-term growth narrative intact.

2.7491

July 11, 2026Reddit shares fell nearly 2.5%, underperforming the broader market as the S&P 500 edged up modestly, with investors digesting a mixed backdrop ahead of the company's Q2 earnings on July 30. Key catalysts in focus include the impending renewal of Reddit's AI content licensing deals with Google and OpenAI — which Wells Fargo estimates could surge to $550M annually — while the stock continues to trade well below its 52-week high of $282.95 despite strong Q1 results (69.1% revenue growth, $1.01 EPS vs. $0.62 estimate). Separately, Reddit co-founder Alexis Ohanian was named as a potential bidder for Letterboxd, adding a sideshow narrative for investors.

-2.4412

July 10, 2026Reddit closed sharply higher, outperforming the broader Communication Services sector (XLC closed flat amid US-Iran geopolitical turbulence) as investors responded to a convergence of positive catalysts. A Seeking Alpha analysis highlighted the stock as 'primed to go' as fundamentals take over, while Wells Fargo recently lifted its price target to $187 and multiple institutions increased their stakes. Investor attention remains focused on Reddit's AI content licensing deals with Google and OpenAI — slated for renewal this year — with Wells Fargo projecting combined annual revenue could surge to $550M, up from ~$130M currently. The Q1 earnings beat (EPS $1.01 vs. $0.62 est.; revenue +69% YoY) and analyst consensus of 'Moderate Buy' with a $231 average price target continue to underpin bullish sentiment.

2.7085

July 9, 2026Reddit shares fell about 2% amid a broad market risk-off selloff triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' which sent oil prices surging more than 5% and stoked fresh inflation fears. The macro headwinds overshadowed otherwise constructive company fundamentals—Reddit's Q1 results significantly beat expectations with 69.1% revenue growth and $1.01 EPS versus estimates of $0.62—and an expanding AI licensing business that continues to attract institutional accumulation. Analyst consensus remains a 'Moderate Buy' with a $231 average price target, though Wells Fargo's 'Equal Weight' rating and ongoing insider selling temper near-term enthusiasm.

-2.0282

TradingView · July 17, 2026Reddit's AI Initiative Gains Momentum: A Sign for More Upside?Barchart.com · July 17, 2026As Wedbush Turns Bullish on Reddit Stock, Here's Why You Should TooBusiness Wire · July 9, 2026Reddit to Announce Second Quarter Results on Thursday, July 30, 2026Seeking Alpha · June 18, 2026Reddit: Investors Are Looking At The Wrong Business (NYSE:RDDT)TradingView · June 4, 2026Why Are Reddit (RDDT) Shares Soaring TodayTradingView · May 22, 2026Why Reddit (RDDT) Stock Is NosedivingBusiness Wire · April 30, 2026Reddit Reports First Quarter 2026 ResultsQuiver Quantitative · February 11, 2026Fund Update: New $1.3B $RDDT stock position opened by Capital World Investors
Benzinga · July 16, 2026Wedbush Assumes Reddit at Outperform, Announces Price Target of $250
Mt Newswire · July 16, 2026Wedbush Initiates Reddit at Outperform With $250 Price Target
Mt Newswire · July 10, 2026Market Chatter: Netflix, Other Media Companies Eye Letterboxd Sale
Benzinga · July 7, 2026Wells Fargo Maintains Equal-Weight on Reddit, Raises Price Target to $187
Mt Newswire · July 6, 2026Reddit Insider Sold Shares Worth $3,116,401, According to a Recent SEC Filing
Benzinga · July 4, 2026Benzinga Bulls and Bears: AeroVironment, Reddit, Oracle — And Stocks End Week on High Note
Benzinga · July 3, 2026EXCLUSIVE: Reddit Hosted 8 Mock Earnings Calls Before IPO – ‘Acted Like A Public Company’
Benzinga · July 2, 2026Why Is Reddit Stock Pulling Back on Thursday?

Peers

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