Baird analyst Colin Sebastian initiated coverage of Reddit with a Neutral rating and $50 price target. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on RDDT: Largest borrow rate increases among liquid names Tech Public Listings: Rubrik’s IPO and Upcoming Contenders Reddit (NYSE:RDDT) Sinks, Falls to Near Opening Price Reddit down 3% afterhours amid insider sale transactions Reddit CFO sells $2.32M in common stock