Reddit Stocks Surge as Raymond James Increases Price Target
Shares of Reddit (RDDT) have seen an increase of nearly 3% in premarket trading, reaching approximately $201. This surge follows an upward revision of the price target by Raymond James.
Raymond James Increases Price Target for Reddit Stocks
Raymond James has raised its price target for Reddit from $225 to $250. This revision indicates a potential upside of 28.2% based on the stock’s previous closing price. The brokerage expressed a more positive outlook on the platform’s Average Revenue Per User (ARPU) after recent advertising checks.
Revenue Projections
The firm has also updated its revenue estimates for the third quarter of 2025. Raymond James projects an increase of $50 million to $60 million compared to the previous estimates of approximately $544 million, based on data from LSEG.
Brokerage Ratings
A review of 28 brokerages reveals diverse opinions on Reddit’s stock. The ratings are as follows:
- 19 brokerages rate the stock as “buy” or higher.
- 8 brokerages advise a “hold.”
- 1 brokerage recommends selling.
The median price target among analysts is $232.50, according to LSEG data. Since the beginning of the year, Reddit shares have appreciated about 19.3%.
