Bullish
Reddit (RDDT) stock rises 3.3% after Needham's bullish Q3 outlook
Reddit's stock (RDDT) increased by 3.3% in pre-market trading following Needham analyst Laura Martin's reiteration of a "Buy" rating and a $300 price target. Martin cited positive web traffic data indicating strong user and revenue growth for Q3 2026. This endorsement suggests sustained confidence in Reddit's business trajectory.
Key points
- Needham maintains "Buy" rating with $300 price target, citing strong Q3 growth prospects.
- Reddit's stock closed at $159.91 on October 9, 2026, with a 52-week range of $119.27–$263.50.
- Reddit is set to present at the Goldman Sachs 2026 Communacopia + Technology Conference.
Sources
AI-generated from public news sources. Not financial advice.
