Cantor Fitzgerald initiated coverage of Reddit (RDDT) with a Neutral rating and $240 price target The firm says Reddit is a leading digital media platform with a “differentiated” consumer value proposition and strong network effects. However, after outperformance in 2025, the stock’s current valuation already reflects a bullish outlook, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Musk’s X faces probes on explicit images on Grok, CNBC reports
- “Refreshed Designs and Elevated Experiences,” Starbucks Stock (NASDAQ:SBUX) Slips as New Stores Planned
- Amazon Forecast 2026: Tech Giant Eyes $3 Trillion Club as AI and AWS Fire on All Cylinders
- Why Declining Website Clicks Makes Reddit a Top Pick for 2026 at Needham
- META, PINS, SNAP: New York Orders Social Media Giants to Add Mental Health Warning Labels to Services