Reddit, Inc. (NYSE:RDDT) is among the 10 Best Meme Stocks to Buy Now. On February 6, Goldman Sachs lowered its price target on the stock to $206 from $236, maintaining a Neutral rating, following the company’s fourth-quarter 2025 results.
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In a research note to investors, the company noted strong growth in users, advertising revenue and EBITDA during the quarter. Goldman further added that the company will look to entice users to log in in the near term, while noting that its long-term prospects would remain largely aligned with broader trends in digital advertising and artificial intelligence.
Despite the cut, the revised price target represents a significant improvement from Thursday’s closing price of $131.07. As of February 12, the stock is a Moderate Buy with an average consensus price upside of 81.09%.
In other news, Reddit, Inc. (NYSE:RDDT) on Feb. 5 forecast first-quarter 2026 revenue in the range of $595 million and $605 million, above analyst estimates of $577.2 million, amid a surge in marketers following AI-backed improvements to its advertising platform. Adjusted EBITDA for the first quarter is also projected to come in above estimates.
The company’s fourth-quarter revenue was $726 million, up 70% from the same period last year. Diluted earnings per share came in at $1.24, beating estimates by 28 cents.
Reddit, Inc. (NYSE:RDDT) is a social media platform that allows users to engage in conversations and create new communities and digital experiences.
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Disclosure: None.