Wells Fargo initiates Reddit stock coverage with a $149 target

au.investing.com

Wells Fargo initiated coverage of Reddit stock with an Equal Weight rating and a $149 price target. The firm adjusted user estimates down but raised advertising revenue projections, leading to increased EBITDA estimates. The new target implies a lower multiple on future EBITDA compared to previous estimates. Reddit recently reported strong Q4 2025 financial results, announced a $1 billion share buyback, and faces a UK fine over child data protection.


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Wells Fargo initiates Reddit stock coverage with a $149 target | News Minimalist