On October 20, 2025, Raymond James upgraded Reddit (RDDT) to a 'Strong Buy' and raised its price target from $225.00 to $250.00, an 11.11% increase[2]. This analyst action is likely a key driver behind RDDT's strong performance, with the stock closing at $202.48, up 3.86% for the day (after-hours: $203.18)[provided data]. No other major company-specific news or events were reported. The upgrade and target hike from a reputable source appear to be the primary catalyst for today's price movement.