Group 1 - Reddit Inc's stock is under pressure, down 5% to $107.52 after Wells Fargo downgraded it to "equal weight" from "overweight" and reduced its price target from $168 to $115, citing potential permanent disruptions in search traffic due to Google's AI-integrated search [1] - Despite a 30.7% year-to-date deficit, 15 out of 23 analysts still rated Reddit as a "buy" or better, with an average 12-month price target of $160.36, indicating a 41.6% premium to the recent close and suggesting potential for downward revisions [2] - The stock has seen a significant downtrend, down 45.3% over the last three months, and is on track for a third consecutive daily loss, with the $100 level potentially serving as a short-term support [4] Group 2 - Options traders are experiencing a shift in sentiment, as Reddit's 10-day call/put volume ratio of 4.07 ranks in the 100th percentile of annual readings, indicating a rapid increase in call options [3] - The 20-day moving average has turned into resistance, complicating upward movement for the stock, with several trendlines positioned overhead [4]

Reddit Inc. (RDDT) reported $392.36 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 61.5%. EPS of $0.13 for the same period compares to $0.29 a year ago.The reported revenue represents a surprise of +5.45% over the Zacks Consensus Estimate of $372.09 million. With the consensus EPS estimate being $0.02, the EPS surprise was +550.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...