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Stock impact report

Bernstein Maintains Hold Rating On Reddit (RDDT) Stock [Yahoo! Finance]

Reddit, Inc. Class A (RDDT) 
Company Research Source: Yahoo! Finance
Reddit Inc. (NYSE:RDDT) is one of the 13 Most Profitable Growth Stocks to Buy Right Now . On March 5, Bernstein analyst Mark Shmulik maintained his Hold rating and a $190 price target on Reddit Inc. (NYSE:RDDT). Prior to that, on February 19, RBC Capital analyst Brad Erickson maintained his Hold rating on RDDT with a price target of $250. The firm's price target implies an additional 74% upside from the current levels. This upside is equal to the median of Wall Street analysts' upside estimates, based on 33 analysts' estimates. Moreover, on February 19, Reddit, Inc. (NYSE:RDDT) announced that it had begun testing a new AI-driven search feature with a limited group of users across the United States. The update aims to enhance the shopping experience by offering product recommendations directly within search results. During the test phase, users searching for household electronics will see a product carousel at the bottom of the results page. The carousel will feature pricing infor Show less Read more
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