Reddit price target raised to $200 from $150 at Raymond James

Raymond James raised the firm’s price target on Reddit (RDDT) to $200 from $150 and keeps a Strong Buy rating on the shares. The firm remains bullish on the internet sector, telling investors in a research note that the year ahead marks a crucial moment for GenAI commercialization as capital expenditure concerns could be mitigated as assistant-oriented use cases quickly develop into more agentic flows across consumer and enterprise software and HardTech applications. While there are still a few “wild cards” tied to tariffs, AI regulation, antitrust, and TikTok at play, the macro is on steadier footing, the firm says.