OpenAI strikes deal to bring Reddit content to ChatGPT
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JMP Securities Reiterates Market Outperform Rating on Reddit (RDDT)
May 17, 2024 6:43 AM EDTJMP Securities analyst Andrew Boone reiterated a Market Outperform rating and $63.00 price target on Reddit (NYSE: RDDT)
The analyst comments "We reiterate our Market Outperform rating and $63 price target. Stepping back, Reddit has accelerated DAU growth over the past four quarters as it... More
Reddit (RDDT) PT Raised to $70 at Citi
May 17, 2024 6:23 AM EDTCiti analyst Ronald Josey raised the price target on Reddit (NYSE: RDDT) to $70.00 (from $53.00) while maintaining a Buy rating.
The analyst comments "Yesterday, after the close, Reddit announced a new data licensing agreement with OpenAI and while terms of the agreement... More
Reddit (RDDT) PT Raised to $65 at Deutsche Bank
May 17, 2024 5:31 AM EDTDeutsche Bank analyst Ben Black raised the price target on Reddit (NYSE: RDDT) to $65.00 (from $62.00) while maintaining a Buy rating.
The analyst comments "Yesterday, Reddit announced a deal to license its data to OpenAI, as well as to incorporate Reddit content into ChatGPTs chatbot and other products. While... More
