Wedbush Initiates Coverage on Reddit with 'Outperform' Rating and $250 Price Target
Wedbush initiated coverage on Reddit (RDDT) with an 'Outperform' rating and a price target of $250, indicating potential for long-term growth driven by ad revenue and AI licensing opportunities. The new price target suggests approximately 26.2% upside from the stock's last closing price.
Tickers: $RDDT
Topics: price target Reddit stock rating