Goldman Sachs Keeps Their Hold Rating on Reddit Inc Class A (RDDT)

In a report released today, Eric Sheridan from Goldman Sachs maintained a Hold rating on Reddit Inc Class A, with a price target of $215.00.

Sheridan covers the Communication Services sector, focusing on stocks such as Meta Platforms, AppLovin, and Reddit Inc Class A. According to TipRanks, Sheridan has an average return of 7.8% and a 53.33% success rate on recommended stocks.

Reddit Inc Class A has an analyst consensus of Moderate Buy, with a price target consensus of $213.12.

Based on Reddit Inc Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $804.91 million and a net profit of $252.85 million. In comparison, last year the company earned a revenue of $499.63 million and had a net profit of $89.3 million

Based on the recent corporate insider activity of 162 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RDDT in relation to earlier this year. Most recently, in August 2026, Robert A. Sauerberg, a Director at RDDT sold 5,128.00 shares for a total of $820,069.76.