Analysts cut their price targets for Reddit after the company’s third-quarter earnings missed expectations.

Oct 30, 2026, 8:47 AM ETResultsRead the original at Benzinga

Bad for RDDT

Reddit beat sales and profit estimates for Q3, but its next-quarter sales forecast fell below analysts’ estimate. That weaker expectation for upcoming sales outweighs the past-quarter beats.

RDDT · Reddit, Inc.

AI read · Bad for RDDT

The AI's read

The next quarter matters because it shows what Reddit expects sales to do next. Reddit beat estimates for the past quarter, but the lower sales estimate for the coming quarter and analyst cuts point to weaker sales expectations.

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