Reddit shares surged 5.81% to close at $149.98 on February 10, 2026, successfully snapping a 10-day losing streak. The rebound was driven by renewed institutional optimism and positive analyst sentiment following a period of high volatility.
- Wells Fargo analysts raised price targets, while TipRanks reports emphasized Reddit's hypergrowth and high margins.
- The recovery eased market fears regarding YouTube’s potential encroachment into the AI data licensing sector.
- The stock gained momentum despite previous volatility following a Q4 earnings beat and a new $1 billion buyback program.