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0.000816252494104874 -0.0018878106294214 -0.00886450208597862 -0.00988572465082535 -0.0122891347723563 -0.0304067658262289 -0.0377970252131326 -0.0424224560130601
Stock impact report

Truist Raises Reddit (RDDT) PT to $260 on Strong Q3 Expectations, Key Growth Initiatives [Yahoo! Finance]

Reddit, Inc. Class A (RDDT) 
Company Research Source: Yahoo! Finance
15, Truist raised the firm's price target on Reddit to $260 from $225 and maintained a Buy rating on the shares. This announcement came as the firm anticipates several key drivers that will boost the company's performance in the near-to mid-term. Truist Raises Reddit (RDDT) PT to $260 on Strong Q3 Expectations, Key Growth Initiatives Antonio Guillem/Shutterstock.com These include strong Q3 2025 results and optimistic Q4 2025 guidance, alongside several product and growth initiatives: a soon-to-be-released unified search and answers product, international expansion, new lower-funnel ad products for shopping, automation and B2B tools for advertisers, direct partnerships with publishers, and increased traffic from data licensing deals. Additionally, Truist expects Q3 results to likely hit the high end of expectations. Reddit Inc. (NYSE:RDDT) operates a digital community in the US and internationally. The company's platform enables users to engage in conversations, explore passion Show less Read more
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