Morgan Stanley raised the firm’s price target on Reddit (RDDT) to $170 from $154 and keeps an Overweight rating on the shares. The firm increased estimates across the internet space to reflect a more favorable macro backdrop and lower China tariffs. Morgan Stanley also rolled its valuation methodologies to mid-year 2026. Amazon remains the analyst’s top pick. The firm expects revenue growth to pick up at both Alphabet and Meta Platforms but prefers the former in the near-term due to valuation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- PINS vs. SNAP: TD Cowen Picks the Better Social Media Stock Ahead of Q2 Earnings
- France launches criminal probe into X over algorithm manipulation, Politico says
- Moderately bullish activity in Reddit Inc with shares up 1.48%
- Yaccarino discussed plans to leave X earlier this week, NYT reports
- TikTok calls Reuters report on U.S. app ‘factually inaccurate’