Morgan Stanley analyst Brian Nowak raised the firm’s price target on Reddit (RDDT) to $250 from $230 and keeps an Overweight rating on the shares. The firm raised its FY26 and FY27 revenue estimates by 3% and 4%, respectively, as it sees improvements in automation, recommendation models and ad formats driving durable growth. Reddit’s ability to drive higher user retention and user growth via improved personalization and onboarding are key to potential multiple expansion, the analyst tells investors.
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