LightShed Partners analyst Richard Greenfield initiated coverage of Reddit with a Buy rating and $84 price target. The firm notes that it had walked out of Cannes Lions in late June “excited by Reddit’s growth story, with ad buyers openly discussing their interest in the platform” in its initiation of the stock.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT: