Baird lowered the firm’s price target on Reddit (RDDT) to $200 from $240 and keeps a Neutral rating on the shares. The firm updated its model following strong quarterly results and outlook.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Reddit price target raised to $275 from $270 at Truist
- Reddit price target lowered to $205 from $210 at BofA
- Video: Amazon sinks on big spending plans, but market looks to bounce
- Reddit price target lowered to $206 from $236 at Goldman Sachs
- Morning Movers: Amazon, Molina Healthcare sink following quarterly results