Reddit's (NYSE:RDDT) stock rose about 7% on Wednesday following first quarter results, which also drew praise from analysts. BofA Securities reiterated its Neutral rating on the shares of the social media company and has a $57 price target on the stock.

Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected first-quarter revenue and

Reddit forecast quarterly revenue above market estimates on Tuesday in its first earnings as a public company, riding on strong user growth and an uptick in the advertising market. Shares of the social media platform were up 17% in extended trading.

Main Street Capital is expected to beat analyst consensus in its Q1 results, with strong growth in its investment portfolios and attractive pipelines.

Reddit soared in afterhours trading Tuesday after the social media company reported better-than-expected revenue and delivered upbeat revenue guidance for the current quarter, driven by strong user growth.