New Street analyst Dan Salmon initiated coverage of Reddit with a Neutral rating and $54 price target. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on RDDT: Reddit Skyrockets 30% Post-IPO Due to Investor Frenzy Opening Day: Reddit jumps nearly 50% in market debut The Week That Was, The Week Ahead: Macro & Markets, March 24, 2024 Astera Labs & Reddit: Soaring High on the IPO Success Flight Bumper Listing: Reddit (NYSE:RDDT) Closes 48% Higher on Debut