Reddit stock dropped 12.3% after analysts initiated coverage with a "sell" recommendation and $75 target.

From Nasdaq: 2025-03-18 13:37:49

Shares of Reddit (NYSE: RDDT) dropped 12.3% on Monday, with analysts from Redburn Atlantic initiating coverage with a “sell” recommendation and a price target of $75. The platform’s user growth may not be as sustainable as previously thought, with doubts raised over the impact of Google’s algorithm changes. Advertising challenges ahead as Reddit differs from other social media platforms. In other news, analysts are issuing “Double Down” alerts for potential high-growth stocks, including Nvidia, Apple, and Netflix, with impressive historical returns. Suzanne Frey from Alphabet is a board member of The Motley Fool.



Read more at Nasdaq: Why Reddit Stock Is Plummeting Today