Reddit (RDDT) PT Raised to $290 at Piper Sandler
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Get Alerts RDDT Hot Sheet
Price: $101.89 +5.97%
Rating Summary:
21 Buy, 15 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
Rating Summary:
21 Buy, 15 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 29 | New: 13
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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."
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