Wells Fargo analyst Ken Gawrelski raised the firm’s price target on Reddit (RDDT) to $207 from $186 and keeps an Equal Weight rating on the shares. The firm sees steady execution and market conditions enabling solid Q4 print / Q1 guide. App traffic data remains soft, but Wells sees new onboarding experience aiding logged-in DAU. The firm views 2026 as key year for shares, with AI search gaining steam and data licensing deals renewing year-end 2026.
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