Guggenheim reiterated its Buy rating on Reddit, Inc. (RDDT) and maintained its $245.00 price target. The firm bases this confidence on Reddit’s strategic focus on improving user experience and investing in high-return opportunities. These investments are expected to bolster user growth momentum.
Citing healthy fourth-quarter usage trends and constructive advertiser checks, Guggenheim raised its 2026 total revenue growth forecast for Reddit to 41.3%. This is an increase from the previous 39.9% projection.
Guggenheim expects Reddit to reach 140 million daily active users by 2026. This figure exceeds the consensus estimate of 133 million. The firm anticipates this growth as Reddit becomes a more integral component of enterprise advertising strategies.