Baird raised the firm’s price target on Reddit (RDDT) to $185 from $160 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results as concern around DAU’s may be overblown.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RDDT:
- Reddit Inc. Hold Rating Due to Valuation Concerns and Growth Uncertainties Amid Strong Advertising Performance
- Reddit price target raised to $185 from $142 at JPMorgan
- Reddit price target raised to $210 from $197 at Piper Sandler
- Reddit Inc: Strong Revenue Growth and Strategic Innovations Drive Buy Rating
- Morgan Stanley raises Reddit price target to $210, says ‘buy the dip’