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Reddit Stock Drops as Analysts Flag Search Disruption Risks
RDDTReddit(RDDT) Schaeffers Investment Research·2025-05-19 22:30

Reddit Inc (NYSE:RDDT) stock is under pressure this morning, last seen 5% lower at 107.52,afterWellsFargodowngradedthestocktoequalweightfromoverweightandslasheditspricetargetto107.52, after Wells Fargo downgraded the stock to “equal weight” from “overweight” and slashed its price target to 115 from $168. The brokerage firm warned that disruptions in search traffic could become permanent as Google rolls out AI-integrated search, posing a long-term headwind for Reddit’s visibility and traffic-based monetization.This bear note appears overdue and could open the floodgates for more. Despite Reddit st ...