RDDT Reddit, Inc.
Reddit, Inc. (RDDT) trend channel, buy level and 3-month target on Trade The Path. Sector: Communication Services. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. On this symbol, 1 comparable calls have settled; 100% reached the published sell target. Information only, not financial advice.
Broken down below
Price has closed below the channel. Support has failed — treat the buy target with caution.
Read from the last 9 months of history we hold: falling, drifting −3% a year. The nearest ceiling overhead is US$240.38. What would overturn this: a close below US$189.66 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 9 months read from
- US$189.66 – US$240.38 Falling channel, −3% a year
- Position in that channel
- -63% below the floor of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -55% from US$270.7318 Sept 2025 → 27 Mar 2026
- Whose problem it was
- This company2 of 5 Internet Content & Information peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 25%of what it lost
- What the record says
- 44% of 7 comparable falls came back, typically in 98 days measured on its own peer group
The trend broke in September 2025: price fell 55% from 270.73 to 121.84 by March 2026, and has regained 25% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “Needham Maintains Buy on Reddit, Raises Price Target to $300”. What happens next is not settled: falls of about 55% here have come back to the old high 44% of the time (7 comparable falls), typically in 98 days, which is too close to a coin toss to price a recovery from.
Reported at the time: Needham Maintains Buy on Reddit, Raises Price Target to $300 — 15 Sept 2025
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (9 months)
- Lower trend line (9 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has broken 15.6% below the channel floor, which is a fall out of the trend rather than a dip within it. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy now
US$157.53
last close · 16 Sept 2026
Channel buy is US$189.88; last close is the better price available now.
Our target
US$291.51
by 16 Dec 2026
Projected move
85.1%
gross, before costs
Last close is our buy — the best price available now.
On this stock's own history these rules produced 1 settled call, of which 1 reached target (100%), with an average best move of 7.8%. See the full record.
- Upper line touches
- 3
- Lower line touches
- 3
- Fit confidence
- 65%
- Fitted
- 16 Sept 2026
About Reddit, Inc.
Reddit, Inc. oversees an internet-based service dedicated to fostering diverse online communities. This platform categorizes groups by shared passions, enabling its users to participate in dialogues through recounting experiences, sharing external web addresses, uploading visual and video content, and engaging in direct replies. Founded in 2005, the corporation maintains its central operations in San Francisco, California. Reddit, Inc. also functions as a controlled subsidiary of Advance Publications, Inc.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Steven Ladd Huffman
- Employees
- 2,555
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$30.54B
- Enterprise value
- —
- Beta
- 2.03
- Avg volume
- 5.29M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 119.27-282.95
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.