Thu May 01 20:00:00 UTC 2025: ## Reddit Stock Slides 4.56% as Analysts Lower Price Targets Amidst Mixed Market Day
**New York, NY** – Wall Street saw a mixed performance on Wednesday, with the Dow Jones and S&P 500 edging up slightly while the Nasdaq dipped. This followed news of a first-quarter contraction in the US economy, fueling recessionary fears. Ten large-cap stocks underperformed significantly, largely due to disappointing earnings and lowered growth expectations.
Among the worst performers was Reddit Inc. (NYSE: RDDT), which ended the day down 4.56% at $116.57. This marked the end of a six-day winning streak, attributed to profit-taking and downgraded price targets from investment firms. Bernstein lowered its price target by 27% to $110, citing concerns over declining app downloads in Q1 (though April saw an uptick) and reduced traffic from Google following a recent algorithm update. Deutsche Bank also reduced its target.
Reddit is slated to release its first-quarter earnings report on Thursday, May 1, 2025. While the article acknowledges Reddit’s potential, it suggests that AI stocks currently offer more promising, quicker returns, highlighting one particular AI stock that has outperformed the market since the start of 2025. The article encourages readers interested in learning more about this AI stock to consult a separate report.
First Piper 