NECTAR SECURES ACCESS TO REDDIT'S DATA API THROUGH PARTNERSHIP

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: 2 days ago

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RDDT+0.98%

Should l Buy RDDT?

Source: moomoo

Partnership Announcement: Reddit has formed a partnership with Nectar to enhance its data accessibility.
Data API Access: This collaboration allows Nectar to gain access to Reddit's stored data through an API.

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Analyst Views on RDDT

Wall Street analysts forecast RDDT stock price to rise

22 Analyst Rating

14 Buy

8 Hold

0 Sell

Moderate Buy

Current: 138.380

Low

207.00

Averages

260.00

High

325.00

Current: 138.380

Low

207.00

Averages

260.00

High

325.00

Truist

Buy

downgrade

$275 -> $260

2026-04-07

New

Reason

Truist

Price Target

$275 -> $260

AI Analysis

2026-04-07

New

downgrade

Buy

Reason

Truist lowered the firm's price target on Reddit (RDDT) to $260 from $275 but keeps a Buy rating on the shares. Reddit is the fastest growing ad platform and one of the most profitable within the firm's coverage universe while also serving as the most highly sourced reference for ChatGPT and Gemini, and with the stock down 40% year-to-date, its valuation is compelling, the analyst tells investors in a research note. Truist further notes it is positive on Reddit's pace of user growth and engagement post Google's (GOOGL) latest algo changes in March, and the potential for AI disintermediation.

Wells Fargo

Equal Weight

downgrade

$196 -> $149

2026-04-07

New

Reason

Wells Fargo

Price Target

$196 -> $149

2026-04-07

New

downgrade

Equal Weight

Reason

Wells Fargo lowered the firm's price target on Reddit to $149 from $196 and keeps an Equal Weight rating on the shares. The firm notes checks on larger brand ad customers remain positive, tweaking Q1 / 2026 revenue higher as a result.

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About RDDT

Reddit, Inc. operates a social platform, Reddit. Reddit is a community of communities. It is built on shared interests, passion, and trust and is home to open and authentic conversations on the Internet. Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. Reddit has thousands of communities, endless conversations, and authentic human connections. Communities on Reddit are organized based on specific interests and are called subreddits. Reddit offers real-time access to evolving and dynamic topics, such as sports, movies, news, fashion, and the latest trends. On Reddit, users can submit, vote, and comment on the topics they care about. It has approximately 100,000+ active communities and approximately 101+ million daily active visitors.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Reddit and Alta Equipment Group See Active Options Trading

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Reddit Options Surge: Reddit Inc (Ticker: RDDT) saw an options trading volume of 32,895 contracts today, representing approximately 3.3 million shares, which is about 72.6% of RDDT's average daily trading volume of 4.5 million shares over the past month, indicating strong market interest.
High Volume Put Options: Within RDDT, the $121 strike put option has traded 3,133 contracts today, representing approximately 313,300 underlying shares, reflecting investor expectations of a potential decline in stock price, which could influence market sentiment.
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