Reddit price target raised to $190 from $180 at BofA

BofA raised the firm’s price target on Reddit (RDDT) to $190 from $180 and keeps a Neutral rating on the shares. Q4 revenue and EBITDA beat Street expectations and Q1 guidance for revenue and EBITDA were also above forecasts, but DAUs at 101.7M were below the Street view at 103.2M, the analyst tells investors. For 2025, the firm raised its revenue forecast by 6% to $1.8B and its EBITDA view by 30%, the analyst noted.