Street Calls of the Week
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 16, 2025. Following the reported transactions, Wong continues to hold 1,295,968 shares directly and 111,566 indirectly through the MorMa Trust dated June 22, 2021. InvestingPro subscribers can access comprehensive insider trading analysis and 19 additional ProTips that provide deeper insights into Reddit’s valuation and financial health. InvestingPro subscribers can access comprehensive insider trading analysis and 19 additional ProTips that provide deeper insights into Reddit’s valuation and financial health.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 16, 2025. Following the reported transactions, Wong continues to hold 1,295,968 shares directly and 111,566 indirectly through the MorMa Trust dated June 22, 2021.
In other recent news, Reddit has seen a series of analyst upgrades, highlighting its potential for growth and increasing valuation. Cannonball Research has raised its price target for Reddit to $303, maintaining a Buy rating, citing a potential shift in advertising revenue growth drivers by fiscal year 2025. Piper Sandler also increased its price target to $290, attributing the change to positive advertising metrics and upbeat company discussions about product developments. JMP Securities has boosted its target to $300, emphasizing Reddit’s faster growth rate and potential catalysts compared to industry peers. Oppenheimer has similarly raised its price target to $300, noting higher estimates and potential artificial intelligence licensing benefits.
In addition to these upgrades, Reddit is in early discussions with Google for a deeper AI content partnership. The talks aim to enhance integration with Google’s AI products, leveraging Reddit’s data for search results and AI training. These developments reflect Reddit’s strategic moves to capitalize on future business opportunities.
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