# Reddit shares were up 1.06% at $139.81 at the time of publication on Tuesday.

*business · news · 2026-04-07 · Benzinga*

## Key points

- Truist Securities and Wells Fargo both lowered their price targets for Reddit stock in April.
- Reddit is trading 24.9% below its 100-day simple moving average, indicating a downward intermediate trend.
- Reddit's next major earnings catalyst is expected on April 30, 2026, with EPS and revenue estimates raised.
- Benzinga Edge scores Reddit weak on value and momentum but strong on growth potential.
- Reddit's heavy ETF weighting means ETF inflows or outflows could trigger significant stock moves.

**Companies:** Reddit

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51685728/whats-going-on-with-reddit-stock-tuesday-2)

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