Bernstein Raises Reddit (RDDT) PT to $190, Cites Digital Ad Space, AI’s Role

Reddit Inc. (NYSE:RDDT) is one of the best up and coming stocks to buy right now. On October 22, Bernstein analyst Mark Shmulik raised the firm’s price target on Reddit to $190 from $185 and kept a Market Perform rating, as there are no shorts in the digital ad space that the firm sees in Reddit heading into Q3. Bernstein also noted that AI is now a critical determinant of corporate performance in the ad market.

Earlier on October 15, Truist lifted the price target on Reddit to $260 from $225 and kept a Buy rating on the shares. The firm anticipates several near-term to mid-term catalysts, starting with strong Q3 2025 results that will likely hit the high end of expectations and optimistic Q4 guidance.

Bernstein Raises Reddit (RDDT) PT to $190, Cites Digital Ad Space, AI's Role

A day prior, on October 14, Goldman Sachs also raised the price target to $236 from $212 with a Neutral rating on the shares as part of the firm’s research note for Q3 results in the Digital Advertising space. Goldman Sachs announced this change for the same reasons as Bernstein and Truist.

Reddit Inc. (NYSE:RDDT) operates a digital community through a platform that enables users to engage in conversations, explore passions, research new hobbies, exchange goods & services, create new communities & experiences, share laughs, and find belonging.

While we acknowledge the potential of RDDT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDDT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.