How to Buy Reddit Stock
Reddit Inc
Reddit is a internet content & information company located in California, United States, which is part of the Communication Services sector, and is traded under the ticker RDDT on the NYSE exchange.
Reddit stock last closed at $96.16, up 0.82% from the previous day, and has increased 145.49% in one year. It has overperformed other stocks in the Internet Content & Information industry by 1.55 percentage points. Reddit stock is currently +137.37% from its 52-week low of $40.51, and -58.27% from its 52-week high of $230.41.
There are currently 180.9M shares of RDDT outstanding. The market capitalization of RDDT is $17.40B. In the past 24 hours, 2.86M RDDT shares were traded.
How to Buy Reddit Stock
Wondering how to invest in Reddit stock? Here's how.
- Decide where to buy Reddit stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Reddit stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Research Reddit stock: The Reddit ticker symbol is RDDT. Is Reddit stock a good investment? Should you buy shares of RDDT? How do RDDT's underlying business fundamentals look? Do top analysts think Reddit is a good buy? Why has RDDT's stock price moved recently? (Hint: Our stock market research tools can help you understand if RDDT is a good stock to buy).
- Place your RDDT buy order: Decide if you will purchase RDDT shares at the current market price or use a limit order to purchase RDDT shares at a specific price.
- Get updates on your investment in RDDT: Create a watchlist to watch your position in Reddit stock.
Step 1: Decide where to buy Reddit stock
You will need a brokerage account to access the NYSE market and buy RDDT stock.
Our preferred brokerage: eToro
In our opinion, eToro is the best stock brokerage. eToro gives you:
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Get $10 towards your share purchase by signing up for an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you are able to invest in RDDT today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new trading account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on investing apps, you can securely and quickly fund your account:
Check out the video below if you need help transferring money into your new brokerage account.
Step 4: Research Reddit stock
After you have decided on the best place to buy Reddit stock, it's critical to analyze their stock prior to investing, so you actually understand the risk as well as the upside.
Reddit Metrics
RDDT Overview
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on RDDT's stock page.
How is RDDT stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RDDT's fair value.
Using relative valuations methods:
- RDDT could be overvalued based on its P/B ratio of 8.16x, relative to Internet Content & Information industry P/B ratio of 5.61x
You can access additional valuation research on RDDT's stock here.
RDDT Financial Health
Signs that RDDT is financially healthy:
- There are more short-term assets than long-term liabilities on the RDDT balance sheet.
- RDDT has a low debt to equity ratio of 0.1.
- There are more short-term assets than short-term liabilities on the RDDT balance sheet.
- RDDT's operating cash flow of $222.07M allows it to safely service it's debt of $26.70M.
Signs that RDDT is not financially healthy:
- RDDT earnings of -$485.21M is not enough to cover its interest payments.
- RDDT profit margin has gone down from -11.3% to -37.2% in the past year.
Do analysts think it's a good time to buy RDDT stock
Out of 21 Wall Street analysts who give recommendations on RDDT, the consensus analyst rating on RDDT is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest RDDT Analyst Ratings
Doug Anmuth, a top 1% analyst from JP Morgan maintains RDDT with a hold rating and lowers their RDDT price target from $185.00 to $110.00, on Apr 8, 2025.
Youssef Squali, a top 3% analyst from Truist Securities initiates coverage on RDDT with a strong buy rating and announces their RDDT price target of $150.00, on Apr 7, 2025.
Ken Gawrelski, a top 10% analyst from Wells Fargo maintains RDDT with a strong buy rating and lowers their RDDT price target from $215.00 to $158.00, on Mar 31, 2025.
Devin Ryan, a top 1% analyst from JMP Securities maintains RDDT with a buy rating and lowers their RDDT price target from $200.00 to $155.00, on Mar 28, 2025.
Laura Martin, a top 1% analyst from Needham reiterates RDDT with a buy rating and maintains their RDDT price target from $220.00 to $220.00, on Mar 21, 2025.
You can dig deeper into what analysts are saying on the Reddit stock forecast page.
Metrics for Advanced RDDT Traders
RDDT Growth Numbers
Last year, RDDT revenue was $1.30B. During the last two year, RDDT's revenue has grown by 39.65% per year. This was faster than the Internet Content & Information industry average of 18.23%.
You can research RDDT's earnings and revenue performance here.
Latest Insiders Trades at RDDT
In the last year, insiders at RDDT have sold more shares than they have bought.
Jennifer L. Wong, Chief Operating Officer of RDDT, was the latest RDDT insider to sell. They sold $528,983.91 worth of RDDT shares on Apr 16, 2025.
Get more info about who owns RDDT stock here.
Does RDDT stock generate passive income?
No, Reddit doesn't provide an income stream by paying out dividends.
RDDT Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your RDDT buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and your broker will place your order.
If you require additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your investment in RDDT
Now that you own some RDDT stock, you'll want to keep up with your new stock purchase.
Start a watchlist to track the most important metrics related to your RDDT stock.
RDDT Feed
How to Buy Stock in Reddit
To summarize, here are the 6 steps for buying Reddit stock:
- Decide where to buy Reddit stock
- Create your brokerage account
- Put funds into your brokerage account
- Research Reddit stock
- Place your RDDT buy order
- Get updates on your investment in RDDT
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Reddit, hit the button below to create your watchlist.
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