Why Reddit, Inc. (RDDT) stock fell 29.2% on Friday, October 30, 2026

Reddit, Inc. (RDDT) closed at $91.73, down 29.22% on Friday, October 30, 2026, on volume of 33,040,857 shares (5.5× its 3-month average); market value about $17.60B.

What happened: primary sources

Events Nexqual found for RDDT on Friday, October 30, 2026 or the trading day before (October 29, 2026):

• Oct 29, 2026: Reported Q3 2026 results: EPS $1.40 vs consensus $1.33 (beat), revenue $895.0M vs consensus $874.9M (beat). Guidance: In the fourth quarter of 2026, revenue is estimated in the range of $1,000 million to $1,030 million. source
• Oct 30, 2026: Wells Fargo: Target lowered, Equal-Weight, price target $142 → $110
• Oct 30, 2026: Wedbush: Target lowered, Outperform, price target $221 → $150
• Oct 30, 2026: Truist Securities: Target lowered, Buy, price target $275 → $210
• Oct 30, 2026: B. Riley Securities: Target lowered, Buy, price target $270 → $190
• Oct 30, 2026: Guggenheim: Target lowered, Buy, price target $255 → $170
• Oct 30, 2026: Citizens: Downgrade, Market Outperform → Market Perform

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on RDDT

RDDT stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: RDDT results, October 29, 2026. Other big moves that day: October 30, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 4, 2026 at 11:39 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 4, 2026 at 11:39 UTC. This page is informational and not investment advice.

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