Reddit (RDDT) Price Target Lowered to $185 Amid User Growth Risks

On September 17, DA Davidson reduced its price target for Reddit, Inc. (NYSE:RDDT) from $200 to $185 while maintaining a Buy rating. The firm noted risks to daily active user growth and pointed to data indicating users may fall below consensus estimates. In Q2 2026, Reddit reported an 18% year-over-year increase in daily active uniques to 130.3 million and generated $805 million in revenue, showing continued strong financial performance. Despite being down over 30% year-to-date, analyst sentiment remains largely positive with 66% of the 35 analysts rating the stock a Buy and a median 12-month price target of $212.50, implying a potential 34% upside.

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