JPMorgan analyst Doug Anmuth raised the firm’s price target on Reddit (RDDT) to $190 from $145 and keeps a Neutral rating on the shares. The company reported “healthy upside” in Q2 and issued Q3 guidance anode estimates for both revenue and adjusted EBITDA amid improved user trends, the analyst tells investors in a research note.
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:
- Reddit price target raised to $230 from $170 at Morgan Stanley
- Reddit Inc’s Robust Financial Growth and Strong Future Outlook Earns Buy Rating from Laura Martin
- Reddit price target raised to $180 from $150 at BofA
- Reddit Inc’s Robust Revenue Growth and Innovation Drive Brian Nowak’s Buy Rating
- Reddit price target raised to $225 from $180 at Citizens JMP