"Reddit (RDDT) has been named to another top pick list for 2026, with Needham analysts excited about the social media platform's advertising upside."
"Needham analyst Laura Martin swapped Reddit in for Roku (ROKU) stock as her pick on the firm's "conviction list" in a note to clients Tuesday morning."
"Reddit stock was lower on Tuesday morning."
Needham named Reddit to its 2026 top-pick list and highlighted the platform's advertising upside. Laura Martin swapped Reddit in for Roku on the firm's conviction list in a note to clients. Needham analysts expressed excitement about Reddit's ad-monetization potential and expect the platform to benefit from advertising growth. Reddit stock traded lower on Tuesday morning despite the analyst move. The change reflects a shift in Needham's conviction picks toward companies with perceived advertising upside ahead of 2026.
Read at Investor's Business Daily
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