Truist Raises Reddit (RDDT) PT to $260 on Strong Q3 Expectations, Key Growth Initiatives

Reddit Inc. (NYSE:RDDT) is one of the stocks that should double in 3 years. On October 15, Truist raised the firm’s price target on Reddit to $260 from $225 and maintained a Buy rating on the shares. This announcement came as the firm anticipates several key drivers that will boost the company’s performance in the near-to mid-term.

These include strong Q3 2025 results and optimistic Q4 2025 guidance, alongside several product and growth initiatives: a soon-to-be-released unified search and answers product, international expansion, new lower-funnel ad products for shopping, automation and B2B tools for advertisers, direct partnerships with publishers, and increased traffic from data licensing deals. Additionally, Truist expects Q3 results to likely hit the high end of expectations.

Reddit Inc. (NYSE:RDDT) operates a digital community in the US and internationally. The company’s platform enables users to engage in conversations, explore passions, research new hobbies, exchange goods & services, create new communities & experiences, share laughs, and find belonging.

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.

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Disclosure: None. This article is originally published at Insider Monkey.