Reddit Inc. Stock Attracts Investor Interest After Militia Capital Purchase and KeyCorp Forecast

Militia Capital Management LLC disclosed a new position in Reddit Inc. (ticker RDDT), acquiring 17,662 shares worth about $2.38 million in the first quarter, according to its latest SEC Form 13F filing. The filing also noted that other investors such as Sunbelt Securities, Ascentis Independent Advisors, LOM Asset Management, Geneos Wealth Management and V Square Quantitative Management added or increased holdings in Reddit during the same period.

Separately, KeyCorp analysts released earnings forecasts for Reddit, projecting second‑quarter earnings per share of $0.91 and maintaining a "Strong‑Buy" rating. The consensus full‑year earnings estimate stands at $4.85 per share, with target prices from various analysts ranging from $145 to $270. Reddit’s stock opened the week at $140.67, with a market capitalization of roughly $27 billion and a price‑to‑earnings ratio of 32.71.