Reddit shares gained Monday after Seaport Global’s Aaron Kessler upgraded the stock from Neutral to Buy and set a $165 price target, according to Benzinga. Kessler cited surging ad revenue, international user momentum, and a growing commercial user base. Reddit posted first-quarter revenue of $392.36 million and earnings of $0.13 per share, both beating estimates. Daily active users grew in the high teens, and advertiser count rose 50% year-over-year. The analyst expects Reddit’s growing base of logged-in users to support long-term user growth in the U.S. While AI search is rising, Kessler believes users will still seek in-depth discussion, positioning Reddit as a strong alternative.
