Reddit stock rebounds in New York as analysts reset targets after earnings swing
Reddit shares rose 2% to $142.68 by late morning after last week’s post-earnings drop. Analyst price targets shifted, with Truist raising its target to $275 and Piper Sandler cutting to $205. Investors focused on user growth and ad momentum, while Reddit forecast Q1 revenue of $595 million to $605 million. The stock traded between $137.09 and $145.75 in early action.
