Reported about 1 year ago
Shares of Reddit (RDDT) are up almost 25% since its IPO debut in March. Needham & Company senior entertainment and internet analyst Laura Martin raised her price target for the company from $63 to $75, citing its new AI deal and more. Martin believes Reddit will benefit from future tech company deals, mentioning recent $200 million deals with Google and OpenAI, indicating potential for more growth. Reddit's user base growth and AI licensing agreements contribute to a positive outlook for the platform's future growth.
Source: YAHOO