From Nasdaq.: 2025-01-04 14:33:58

In December, Reddit’s stock (NYSE: RDDT) surged over 16%, making it one of the best-performing titles of the year. Analysts from Wells Fargo and Guggenheim gave positive evaluations, with price targets of $206 and $210 per share, respectively. Reddit’s revenue growth trajectory has been impressive, with increasing rates each quarter in 2024. Morgan Stanley and Citigroup analysts also became more bullish on the stock, upgrading their recommendations and raising price targets. Investors are urged not to miss out on this potentially lucrative opportunity. Several tech giants have seen substantial returns from similar recommendations.



Read more at Nasdaq.: Why Reddit Stock Crushed It in December