Reddit's Q1 Revenue Jumps 69% as Analyst Sees 46% Upside
RDDT•RDDT•RDDT•RDDT•Analyst Naved Khan sets a $250 price target on Reddit, implying 46.44% upside. Q1 2026 revenue rose 69% with advertising revenue up 74%, driven by AI tools and a Shopify partnership, and the stock holds an average brokerage recommendation of 1.90.
Naved Khan of B. Riley Financial has set a $250 price target on Reddit, implying a 46.44% upside from its recent $170.72 trading level and signaling confidence in a valuation re-rating.
Reddit’s Q1 2026 revenue grew 69% year-over-year, led by a 74% increase in advertising revenue fueled by new AI tools and an expanded partnership with Shopify, while Average Revenue Per User also climbed.
The stock holds an average brokerage recommendation of 1.90, with 17 firms rating it Strong Buy and one rating it Buy. Reddit’s ad growth outpaces Meta Platforms’ 33% increase, enhancing its prospects for future AI licensing deals.
