Reddit turned profitable in Q3 2025, reporting $163M in net income after losing $484M in 2024. Q3 revenue hit $585M with 68% growth. Shares surged year to date, with analysts setting a price target of $242. With 116M daily active users, Reddit’s growth trajectory is promising, leading to a stock rating of Buy or Strong Buy from 18 of 29 analysts.

Potential catalysts for Reddit hitting $300 include continued earnings beats, S&P 500 inclusion speculation, user growth acceleration, margin expansion, and broader market support. Despite trading at 69x forward earnings at $238, Reddit’s strong fundamentals, revenue growth, and profitability make $300 achievable. The stock has a 52-week range of $79.75 to $282.95.

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Read more at Yahoo Finance: Here’s How Reddit Gets to $300 Per Share in 2026