Reddit Stock Surges on Analyst Upgrade
Update: 2025-12-17
Description
Reddits stock surged by nearly three and a half percent following RBC Capital Markets upward revision of their price target from $245 to $250 per share. Despite maintaining a Sector Perform rating, the increased target sparked investor optimism, leading to the initial price jump. This positive movement, while not a fundamental game-changer, builds on Reddits strong performance over the past six months, driven by its strategy of monetizing user-generated content and securing deals with major players like Google and OpenAI.
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