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Oppenheimer Lifts Reddit (RDDT) Price Target to $300, Cites Strong User Growth

By Ghazal Ahmed | September 22, 2025, 5:08 PM

Reddit, Inc. (NYSE:RDDT) is one of the Must-Watch AI Stocks on Wall Street. On September 16, Oppenheimer analyst Jason Helfstein raised the price target on the stock to $300 from $215 while maintaining an Outperform rating. The firm cited higher estimates and multiple behind the price target raise.

Similarweb regression has revealed that Q3 US logged-in daily average users 0.8M/1.1M above Opco/Street. The metric is considered a primary driver of Reddit’s revenue. Meanwhile, Quarter-to-date ad portal visits also increased on a 2-year basis to +47% vs. Q2/Q1’s +30%/+19%. This is consistent with 3P commentary indicating improved ROI on driving higher advertising spending.

The firm increased its 2026 and 2027 forecasts for logged-in daily active users, revenue, and EBITDA, with 2027 projections now 3%, 12%, and 23% higher. It also anticipates potential upside from large language model (LLM) revenue, giving reference to Anthropic’s recent copyright settlement. However, this is not incorporated into current models.

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

While we acknowledge the potential of RDDT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks Making Big Moves on Wall Street and 10 AI Stocks in Focus on Wall Street.

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