Redburn-Atlantic Reiterates Sell Rating on Reddit (RDDT)

Redburn-Atlantic analyst James Cordwell reiterated a Sell rating and $75.00 price target on Reddit (NYSE: RDDT)

The analyst comments: "With Google’s aggressive rollout of AI Mode, the shift to AI-based search experiences appears to be accelerating. We believe this is a clear negative for Reddit, and while investor sentiment is increasingly aligning in relation to logged-out user growth, we fear there may also be underappreciated implications for logged-in users and revenue growth. With likely limited offsetting benefits from the seemingly improving tariff situation, we reiterate our Sell rating and $75 PT."

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