Reddit price target raised to $175 from $120 at Jefferies

Jefferies raised the firm’s price target on Reddit (RDDT) to $175 from $120 and keeps a Buy rating on the shares. The firm’s analysis of peers in early stages of monetization suggest Reddit could see 30%-plus upside to consensus revenue forecasts as continued innovations and increased ad loads expand advertiser adoption and spending, says the analyst, who raised FY26 revenue and EBITDA forecasts to 8% and 18% above consensus, respectively.