Reddit (RDDT) shares rose 1.37% to $141.74 as the stock attempted to stabilize following a sharp 23% weekly sell-off. Despite a strong Q4 earnings beat and a $1 billion buyback, sentiment was pressured by reports that YouTube is overtaking the platform as a primary data source for AI models.
- Goldman Sachs maintained a Neutral rating, while Citi and Wells Fargo lowered their price targets in response to the recent volatility.
- Analysts highlighted concerns from RBC Capital regarding softening ad demand from smaller agencies as a significant headwind for the company.