Reddit (RDDT) Is on a Roll: Analyst Hike Follows Strong Q1 and AI Upgrades

Reddit, Inc. (NYSE:RDDT) is one of the Trending AI Stocks on Wall Street. On July 23, Needham analyst Laura Martin raised the price target on the stock to $165.00 from $145.00, while maintaining a “Buy” rating.

The rating affirmation follows Reddit’s first quarter 2025 results, which exceeded consensus expectations. The firm’s channel checks reveal continued strength going into the second quarter of 2025.

In particular, the company has been benefiting from strong daily active user trends, growing ad monetization backed by direct-response advertisements, and an inclination toward full-funnel advertisers.

Reddit Search and Reddit Answers, new products by Reddit, are anticipated to enhance content discovery and increase user engagement times.

Reddit, Inc. (NYSE:RDDT) is a social media platform that leverages AI to strengthen search functionality and improve user engagement.

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