DA Davidson Initiates Reddit (RDDT) With Buy Rating Citing Monetization Upside Potential [Yahoo! Finance]
Reddit, Inc. Class A (RDDT)
Company Research
Source: Yahoo! Finance
On April 21, 2026, DA Davidson initiated coverage of Reddit, Inc. (NYSE:RDDT) with a Buy rating and a $200 price target. The firm cited a belief that the company remains incredibly under-monetized relative to peers. DA Davidson estimates that the “human-first social platform” Reddit, Inc. (NYSE:RDDT) will attract more users and advertisers as it scales. And with this growth, the company is expected to secure favorable LLM contract renewals and an increase in operating leverage, which will strengthen its position in the digital advertising market. Notably, in an article published earlier this year, CNBC noted that the odds of Reddit, Inc. (NYSE:RDDT) entering the S&P 500 index are high, as communication services and financials remain underweight in the index. Meanwhile, the company saw a significant cut in its price target from Citizens on April 21, 2026. The firm lowered Reddit, Inc. (NYSE:RDDT)'s target price from $300 to $250 while keeping an Outperform rating on the stock. With
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RDDT
News
- Reddit (RDDT) was given a new $110.00 price target by Rothschild & Co Redburn.MarketBeat
- Is Reddit (RDDT) One of the Best New Stocks to Invest In According to Hedge Funds? [Yahoo! Finance]Yahoo! Finance
- Reddit (RDDT) had its price target lowered by Citizens Jmp from $300.00 to $250.00. They now have a "market outperform" rating on the stock.MarketBeat
- Reddit (RDDT) Fell on Disappointing User Engagement Growth [Yahoo! Finance]Yahoo! Finance
- Reddit (RDDT) is now covered by DA Davidson. They set a "buy" rating and a $200.00 price target on the stock.MarketBeat
RDDT
Earnings
- 2/5/26 - Beat
RDDT
Sec Filings
- 4/23/26 - Form DEF
- 4/23/26 - Form DEFA14A
- 4/23/26 - Form ARS
- RDDT's page on the SEC website