Stocks

JPMorgan Slashes Reddit Price Target by 7.5%

Guavy AI Editorial Team Published July 31, 2026

Instruments

JPM

JPMorgan Chase & Co. has reduced its price target for Reddit (NYSE: RDDT) from $200.00 to $185.00, according to a report issued by the brokerage on Friday.

This move suggests a potential upside of 30.96% from Reddit's previous close of $141.26, which was down $36.78 during mid-day trading on Friday.

Reddit reported second-quarter revenue of approximately $805 million, up 61% year over year and well above the $731 million consensus estimate.

The Wire

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