BofA lowered the firm’s price target on Reddit (RDDT) to $205 from $210 and keeps a Neutral rating on the shares. While the firm is “encouraged to see another quarter of strong execution,” with improving ad performance and several positive drivers in 2026, it notes the stock still carries a premium valuation that it sees anticipating near-term upside. The firm is raising estimates to reflect strong advertiser demand, but lowering its target given multiple compression in the online media sector.
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