Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTWajeeh KhanThu, July 16, 2026 at 10:12 PM GMT+2 4 min readA hand holding a phone with the Reddit logo_ Mamun_Sheikh via Shutterstock_Reddit (RDDT) stock received a new "Outperform" rating and $250 price target from Wedbush's analyst Ygal Arounian on Thursday, with the firm naming it a top mid-cap internet pick based on community engagement strength and AI monetization potential. Despite the bullish catalyst, Reddit shares tanked about 4% on July 16 as a broader tech sector de-risking overshadowed the positive initiation. Year to date, the stock is down nearly 20%. More News from BarchartMicron Stock Is Off 31% From Its High. Why This Could Be the Best Time to Buy.This Red-Hot AI Infrastructure Stock Just Made a Game-Changing Move. How to Play NBIS Here.