Truist Financial adjusted its Reddit (RDDT) price target on April 7, 2026. The firm lowered the target to $260 from $275. Truist maintains a "buy" rating. Market conditions and competitive pressures drove the revision.
Wells Fargo reduced its price target to $149 from $196. The firm maintains an "Equal-Weight" rating.
These valuation adjustments precede Reddit's quarterly earnings report expected in early May.