B. Riley raised the firm’s price target on Reddit (RDDT) to $245 from $235 and keeps a Buy rating on the shares. The company’s Q3 results and Q4 outlook came in well above Street expectations, pointing to continued business momentum and underlying strength, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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 $250 from $230 at Morgan Stanley
- Reddit price target raised to $227 from $190 at JPMorgan
- Reddit Inc’s Robust Financial Growth and Operational Efficiency Justify Buy Rating
- Reddit price target raised to $210 from $190 at Bernstein
- Reddit price target raised to $210 from $185 at Roth Capital