Truist analyst Youssef Squali raised the firm’s price target on Reddit (RDDT) to $275 from $270 and keeps a Buy rating on the shares. The firm remains constructive following a strong Q4 beat and a Q1 guide that comfortably exceeded consensus estimates, the analyst tells investors in a research note. Despite the rise of Gen-AI, Reddt remains the platform for authentic human conversations with several initiatives sustaining its superior growth and share gains, including Search & Answers, Shopping Ads and Automation, the firm adds.
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