Reddit Inc. (NYSE: RDDT) named one of the 10 best new stocks in Ray Dalio’s portfolio on Jan. 8. Cantor Fitzgerald started coverage with a Neutral rating and $240 price target, highlighting Reddit’s 120 million daily active users, including over 50 million logged-in users spending up to 45 minutes daily. Analysts see strong revenue growth potential from Reddit’s unique value proposition and data licensing deals with Google and OpenAI. Piper Sandler maintains an Overweight rating with a $290 price target, projecting Reddit’s data licensing segment could generate $400 million in revenue by 2027. The company operates a digital community where users can engage in discussions and create communities based on shared interests. While Reddit offers investment potential, certain AI stocks may offer greater upside with less risk. For more information on AI stocks, a free report is available on the best short-term AI stock. No disclosure. Source: Insider Monkey.

Read more at Yahoo Finance: Cantor Fitzgerald Assumes Coverage of Reddit (RDDT), Highlights the Company’s 120M Daily Users