RBC Capital analyst Brad Erickson keeps a Sector Perform rating with a price target of $125 on Reddit (RDDT). The firm’s ad load analysis across the company’s monetized surfaces continues to hover in the mid-teens, which was flat to very slightly down vs. its last analysis in May, the analyst tells investors in a research note. RBC adds that its latest investor conversations following its small business ad checks reflect investors sounding marginally more positive on the stock.
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