Reddit Rallies On Ad Surge, Global Growth: Analyst Upgrades To Buy

After a blowout first-quarter report and surging ad revenue growth, one analyst upgraded Reddit RDDT, citing strong international momentum, rising logged-in users, and a high-intent commercial audience. What Happened: Seaport Global analyst Aaron Kessler upgraded Reddit from Neutral to Buy and a $165 price target on Monday.Also Read: Reddit’s Ad Strategy Is Clicking, Say Analysts—Strong Q1 Sets Stage For Profitable Growth in 2025Last week, Reddit reported: Quarterly revenue of $392.36 million. That’s up fro ...