Reddit (RDDT) PT Raised to $290 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the price target on Reddit (NYSE: RDDT) to $290.00 (from $210.00) while maintaining a Overweight rating.

The analyst commented: "We are raising RDDT estimates & PT following positive Ad Metrics checks. Our recent dialogue with the company tilted upbeat, especially on the product side. The recent Anthropic lawsuit is a bullish signal for Data Licensing revenues, in our view. FY26E revs move +2% while EBITDA moves +11%. PT to $290 from $210, reiterate OW."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Aurora Spine settles patent dispute, secures $600K insider loan
• Stripe, Advent In Talks To Buy Paypal - WSJ