Truist analyst Youssef Squali raised the firm’s price target on Reddit (RDDT) to $265 from $260 and keeps a Buy rating on the shares. The company reported a strong Q1 earnings beat and a Q2 guide exceeding estimates, with results driven by broad-based strength in ad demand across verticals, geographies, and channels, fueled by accelerating average revenue per user growth, the analyst tells investors in a research note.
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