New York, February 10, 2026, 14:52 EST — Regular session
- Reddit shares pushed higher in the afternoon, topping a market that was a touch weaker.
- Price targets saw more adjustments from analysts following last week’s earnings and the buyback announcement.
- Buyback timing and the upcoming earnings report remain in focus for investors.
Reddit, Inc. climbed 5.4% Tuesday, with the stock touching $149.38 in afternoon action. Shares moved in a $141.21 to $152.34 range, while SPY hovered flat and QQQ edged down 0.2%.
This shift counts—Reddit’s been on edge since last week’s earnings. Traders pile in on rallies, then bail just as fast. A 5% session pulls the stock right back into focus, stirring up the post-earnings arguments instead of putting them to bed.
Reddit’s valuation remains pinned to growth expectations, so even minor shifts in guidance, usage metrics or ad demand tend to get amplified—far more than they would for an established rival. Being a relative newcomer with lighter traffic among listed social-media stocks, the name sees more pronounced swings.
Among peers, Meta Platforms slipped around 0.7%. Pinterest picked up close to 1%, and Snap tacked on about 1.8%.
Price targets shifted again. Goldman Sachs’ Eric Sheridan dropped his target to $206 from $236, maintaining a neutral call on Monday. Over at Citizens, Andrew Boone stuck to his market outperform rating, holding the line with a $300 target early Tuesday, according to StreetInsider.
Reddit reported on February 5 that fourth-quarter revenue surged 70% to $726 million, while ad revenue jumped 75% to $690 million. Daily active uniques also increased, up 19% to 121.4 million. Looking ahead, the company projected first-quarter revenue in the $595 million to $605 million range and sees adjusted EBITDA between $210 million and $220 million. Reddit also approved a share buyback plan of up to $1 billion.
According to Reuters, the company’s new AI-driven ad features attracted a surge of marketers, with active advertisers up more than 75% in the fourth quarter. “Expectations were already high coming into the quarter, but the results still surprised,” said Emarketer’s Jeremy Goldman. Reuters
Still, the stock isn’t without risks. Goldman flagged that most recent user gains came from “primarily from logged-out traffic,” reigniting questions among investors about Reddit’s ability to turn those visitors into logged-in users, keep ad revenue climbing, and hold margins—especially as the company spends heavily through 2026. Investing.com
All eyes now turn to signs of just how fast buybacks pick up, and if the stock’s recovery sticks after the earnings buzz dies down. According to Public.com, Reddit’s next earnings are anticipated on April 30.
Related articles: NASDAQ:RDDT
