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.
Claim 55% 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 $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
- Reddit Inc’s Strong Financial Performance and Growth Potential Drive Buy Rating