Reddit Inc. shares traded higher on Monday, continuing a multi-month rally fueled by rising user adoption and investor enthusiasm, according to Benzinga. According to Similarweb, Reddit’s app downloads surged 77.98 in April and an additional 47.92 in May, following a year of stagnant growth. The stock has climbed over 127 in the past year, gaining 44 over the last three months and 34 in the last month. Its market cap now stands at roughly $26.4 billion. Analysts see further upside, with Citigroup and Guggenheim maintaining bullish targets of $163 and $165, respectively. Reddit has recently reaffirmed its plans to expand ad offerings and improve personalization tools, capitalizing on user momentum.