Guggenheim lowered the firm’s price target on Reddit (RDDT) to $170 from $210 and keeps a Buy rating on the shares. The firm refined its full year model, primarily to reflect search monetization benefit in 2026, pushed out from the second half of 2025, and modestly higher than previously forecasted expense growth in the second half of 2025 driven by investments intended to support top-line growth initiatives and generally in-line with peer estimates.
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