Truist Securities Reiterates Buy Rating on Reddit (RDDT)

Truist Securities analyst Youssef Squali reiterated a Buy rating and $270.00 price target on Reddit (NYSE: RDDT)

The analyst comments "Following our investor group call with the company last week and conversations with investors since then, we further zero in on key issues most relevant to the stock N/M-term including 1) the debate around the potential for DAU re-acceleration and increase in user engagement with the new and improved onboarding process, and the better AI-enhanced search experience expected in FY26, 2) the ability to sustain highly elevated revenue growth through improvements in ad monetization with end-to-end automation tools, and 3) the prospect for the company to show progress towards 50% AEBITDA margin now that it achieved its prior 40% target margin ahead of plans (in 3Q25)."

For an analyst ratings summary and ratings history on Reddit click here. For more ratings news on Reddit click here.

Shares of Reddit closed at $189.42 yesterday.

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