Needham has reiterated its Buy rating and $300 price target on Reddit Inc (NYSE: RDDT), citing accelerating traffic metrics in Q3 2026 🔗. The firm's traffic tracker shows app downloads grew 19% QoQ, while web traffic visitors increased 2-3% QoQ 🔗.
This growth aligns with Reddit's 66.59% revenue growth over the last twelve months and 91.44% gross profit margins. Needham's estimates for Reddit have been raised, suggesting significant upside from the current price of $156.47 🔗.
Needham reiterates Reddit stock buy rating on traffic growth
INVESTING.COMOct 9, 11:26 AM UTC
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