Baird analyst Colin Sebastian raised the firm’s price target on Reddit (RDDT) to $240 from $177 and keeps a Neutral rating on the shares.
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:
- Trump anticipated to sign TikTok agreement Thursday, NBC News reports
- Mixed options sentiment in Reddit Inc with shares up 1.55%
- Trump Trade: Trump warns against Tylenol, Kimmel to return to ABC
- Reddit price target raised to $303 from $244 at Cannonball Research
- TikTok’s U.S. entity would lease algorithm under deal terms, Axios reports