Reddit, Inc. (NYSE:RDDT) is among the 10 best meme stocks to buy now. On February 6, Goldman Sachs cut its price target on the stock to $206 from $236 while maintaining a Neutral rating, following the company’s Q4 2025 results.
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In a research note to investors, the firm noted solid growth in users, advertising revenue, and EBITDA during the quarter. Goldman further added that the company will be looking to lure users toward logged-in engagement in the short-term, while noting that its long-term prospects would largely remain aligned with broader trends in digital advertising and artificial intelligence.
Despite the cut, the revised price target represents significant upside relative to Thursday’s closing price of $131.07. As of February 12, the stock is a Moderate Buy with a consensus average share price upside of 81.09%.
In other news, Reddit, Inc. (NYSE:RDDT) on February 5 forecast Q1 2026 revenue in the range of $595 million and $605 million, above analysts’ estimates of $577.2 million, amid an increase in marketers following AI-backed enhancements to its advertisement platform. Adjusted EBITDA for the first quarter is also projected to be above estimates.
The company’s fourth-quarter revenue came in at $726 million, up 70% from the prior-year period. Diluted earnings per share stood at $1.24, beating estimates by 28 cents.
Reddit, Inc. (NYSE:RDDT) is a social media platform that enables users to engage in conversations and create new digital communities and experiences.
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Disclosure: None.
