Reddit falls on weak U.S. user growth

** Shares of social media platform Reddit RDDT.N fall 9% to $162.02 premarket

** Co said on Thursday that choppy search-engine traffic affected U.S. user growth in the second quarter, overshadowing an upbeat revenue forecast

** J.P. Morgan cuts PT to $185 from $200, maintains "neutral" stance, says despite strong results and guidance, Reddit said user trends were pressured by changes to Google's search ecosystem and content-ranking systems, both in the U.S. and international markets

** "We believe the ongoing traffic volatility from Google's evolution toward AI Overviews will be a key focus area for RDDT during its ongoing data licensing renewal negotiations" says J.P. Morgan

** Thirty-three analysts rate stock "buy" on average; median PT is $240 - data compiled by LSEG

** As of last close, stock down ~23% YTD