BofA raised the firm’s price target on Reddit (RDDT) to $180 from $150 and keeps a Neutral rating on the shares after the company reported a “solid” Q2 beat and gave Q3 revenue and EBITDA guidance above Street estimates. For 2025, the firm raised its revenue forecast by 10% and EBITDA by 15%, while for 2026 it raised its revenue view by 19% and EBITDA by 25%. While “encouraged” by strong execution and the outlook, BofA believes “a lot” is priced in at current levels.
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