Reddit price target raised to $200 from $180 at Goldman Sachs

Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Reddit (RDDT) to $200 from $180 and keeps a Neutral rating on the shares. Reddit’s management highlighted steady user growth driven by logged-out traffic and AI/search tailwinds with improving engagement and monetization potential, continued momentum in advertising from expanding advertiser adoption and ad-tech tools, strong EBITDA with disciplined investment and margin expansion, and a cautiously balanced outlook on data licensing that prioritizes long-term platform health over near-term revenue maximization, the analyst tells investors in a research note.