Reddit price target raised to $180 from $170 at Raymond James

Raymond James raised the firm’s price target on Reddit (RDDT) to $180 from $170 and keeps a Market Perform rating on the shares. Reddit delivered a strong Q1 beat driven by broad-based ad strength and solid EBITDA outperformance, with slightly softer U.S. DAU but an encouraging Q2 guide that supports continued revenue momentum, though the stock remains Neutral-rated given its premium valuation despite a constructive FY26 outlook, the analyst tells investors in a research note.