Reddit price target raised to $236 from $212 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Reddit (RDDT) to $236 from $212 and keeps a Neutral rating on the shares as part of a broader research note previewing Q3 results in Digital Advertising names. The firm is raising its FY25-FY27 topline growth estimates to reflect a continued healthy operating environment while noting that its checks are pointing to continued momentum for Reddit building scale in both core advertising revenues and data licensing revenues into the second half of 2025 and beyond, the analyst tells investors in a research note.