Reddit Stock (RDDT) Heads Into Next Week With a Fresh Bullish Call: Needham’s “Best Idea for 2026,” AI Licensing Tailwinds, and Key Levels to Watch
Reddit shares closed Friday at $225.77, down 0.04%, with after-hours trading at $225.15. Needham reiterated a “Buy” rating and $300 target, citing Reddit’s human-generated content as a key asset for AI. Nvwm LLC disclosed a new 5,143-share position in the company, valued at about $1.18 million. Reddit’s Q3 revenue rose 68% year-over-year to $585 million.