Bond.az - Citizens reiterated its Market Outperform rating and $240 price target on Reddit stock (NYSE:RDDT). The stock currently trades at $141.67, down 32% over the past six months.
Reddit’s app install volume increased 129% year-over-year. Max app campaigns reduced cost per acquisition by 15% and boosted result volume by 28% in early testing.
Analyst Andrew Boone noted that the shift to automated app-performance budgets expands Reddit’s advertising total addressable market.
In recent news, Reddit reported Q1 2026 revenue of $663 million, up 69% YoY, and net income of $204 million, up 680%.
