Reddit Predicts $150 Target: Analyst Sees Potential for 2x Revenue Growth by 2027

Truist Securities is bullish on Reddit Inc., issuing a ‘Buy’ rating and setting a price target of $150. The firm attributes this prediction to Reddit’s surging user base, its innovative advertising strategies, and expanding digital ad revenue. 2027 projections suggest that Reddit’s revenue will nearly double from the current level. This growth is driven by gains in digital ad share and improved monetization methods. Reddit boasts a massive user base and has plans to reach 1 billion users globally. Key factors like its context-driven ad model and advanced AI capabilities are expected to fuel this expansion.