Oppenheimer Lifts Reddit (RDDT) Price Target to $300, Cites Strong User Growth
Reddit, Inc. (NYSE:RDDT) is one of the Must-Watch AI Stocks on Wall Street. On September 16, Oppenheimer analyst Jason Helfstein raised the price target on the stock to 215 while maintaining an Outperform rating. The firm cited higher estimates and multiple behind the price target raise. Similarweb regression has revealed that Q3 US logged-in daily average users 0.8M/1.1M above Opco/Street. The metric is considered a primary driver of Reddit’s revenue. Meanwhile, Quarter-to-date ad portal visit ...