Reddit (RDDT) Is on a Roll: Analyst Hike Follows Strong Q1 and AI Upgrades

Reddit, Inc. (NYSE:RDDT) is one of the Trending AI Stocks on Wall Street. On July 23, Needham analyst Laura Martin raised the price target on the stock to $165.00 from $145.00, while maintaining a “Buy” rating.

The rating affirmation follows Reddit’s first quarter 2025 results, which exceeded consensus expectations. The firm’s channel checks reveal continued strength going into the second quarter of 2025.

In particular, the company has been benefiting from strong daily active user trends, growing ad monetization backed by direct-response advertisements, and an inclination toward full-funnel advertisers.

Reddit (RDDT) Is on a Roll: Analyst Hike Follows Strong Q1 and AI Upgrades

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Reddit Search and Reddit Answers, new products by Reddit, are anticipated to enhance content discovery and increase user engagement times.

Reddit, Inc. (NYSE:RDDT) is a social media platform that leverages AI to strengthen search functionality and improve user engagement.

While we acknowledge the risk and potential of RDDT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RDDT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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