Reddit (RDDT) PT Raised to $65 at Deutsche Bank

JMP Securities Reiterates Market Outperform Rating on Reddit (RDDT)

JMP 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

Citi 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 shares surge on OpenAI deal to add content to ChatGPT

Investing.com-- OpenAI and Reddit Inc (NYSE: RDDT) announced a new partnership on Thursday, under which content from the social media platform will be added to ChatGPT and other artificial intelligence products from the AI major. 

US futures flat as Fed comments cool rate cut optimism

Investing.com-- U.S. stock index futures moved little in evening deals on Thursday, tracking a weak finish on Wall Street as several Federal Reserve officials warned that bets on interest rate cuts were potentially premature. 

Some softer-than-expected consumer inflation readings drove Wall Street to record highs on Wednesday and Thursday. But indexes failed to hold those highs after the Fed warnings, while traders also slightly trimmed their expectations for a September rate cut.

S&P 500 Futures steadied at 5,320.50 points, while Nasdaq 100 Futures were flat at 18,653.0 points by 19:36 ET (23:36 GMT). Dow Jones... More

OpenAI strikes deal to bring Reddit content to ChatGPT

(Reuters) -Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT, the companies said on Thursday, sending the social media platform's shares up 12% in extended trade.

The deal underscores Reddit's attempt to diversify beyond its advertising business, and follows its recent partnership with Alphabet to make... More

After-hours movers: Applied Materials, Reddit, Take-Two Interactive, and more

After-Hours Stock Movers:

Applied Materials (NASDAQ: AMAT) fell 1.7% despite beating quarterly EPS and revenue estimates and raising guidance. Expectations were high and shares rallied heading into the print.

Reddit (NYSE: RDDT) rose 6% after it and... More

Reddit (RDDT) and OpenAI Announce Partnership

(Updated - May 16, 2024 4:38 PM EDT)

Reddit (NYSE: RDDT) and OpenAI enter a partnership bringing Reddit content to ChatGPT. Full PR below:

Keeping the internet open is crucial, and part of being open means Reddit content needs to be accessible to those fostering human learning and researching ways to build community, belonging, and empowerment online. Reddit is a uniquely large and vibrant community that has long been an important space for conversation on the internet. Additionally, using LLMs, ML, and AI allow Reddit to improve the user experience for... More

Reddit (RDDT) call put ratio 2 calls to 1 put

Reddit (NYSE: RDDT) 30-day option implied volatility is at 98; compared to its 52-week range of 62 to 166. Call put ratio 2 calls to 1 put.