Reddit price target raised to $210 from $180 at BofA

BofA analyst Justin Post raised the firm’s price target on Reddit (RDDT) to $210 from $180 and keeps a Neutral rating on the shares following a “strong” Q3 beat and outlook. Following the report, the firm is raising revenue estimates to reflect stronger ad monetization and slightly higher user growth, adding that it expects Reddit to sustain 50%-plus incremental EBITDA margins in 2026 with seemingly no big investment needs on the horizon.