Needham Reiterates Buy on Reddit (RDDT), Calls It a “Best Idea for 2026”

Reddit, Inc. (NYSE:RDDT) is one of the AI Stocks Investors Are Watching. On December 22, Needham reiterated the stock as “Buy” with a $300 price target. The firm said that the stock is firing on all cylinders and is a best idea in 2026. “We add RDDT to the Conviction List, replacing Roku, which is up 48% YTD in 2025.” According to the firm, Reddit’s advantage of having 100% human-created content optimizes trust, authenticity, and value to LLMs. The company is already generating over $100M per year in fe ...