Reddit Shares Rise Nearly 3% After Price Target Upgrade

NEW YORK, NY — Shares of social media platform Reddit increased nearly 3% to around $201 in premarket trading on Monday.

The rise follows an upgrade by Raymond James, which lifted the company’s price target to $250 from $225. This new target suggests a potential upside of 28.2% based on the stock’s last close.

According to the brokerage, recent advertising checks have made them more optimistic about Reddit’s Average Revenue Per User (ARPU) potential. This optimism prompted them to revise their 2026 revenue estimates and target price upwards.

Raymond James also forecasts a positive scenario for Reddit’s Q3 2025 revenue, suggesting the company could exceed estimates by $50 million to $60 million. Analysts expect overall revenue to reach about $544 million for that quarter, according to data compiled by LSEG.

<pAmong brokerage ratings, 19 out of 28 analysts have rated Reddit’s stock as a “buy” or higher, while eight have rated it “hold,” and one has advised a “sell.” The median price target among these analysts is $232.50.

<pAs of the last close, Reddit shares were up approximately 19.3% year-to-date.