RDDT is trading at $217.89 (-3.07%) despite a broader market rebound (S&P 500 up 0.54% premarket), as no major company-specific news has emerged to explain the modest decline.
- Ongoing fundamental factors include strong Q3 revenue growth (68% YoY) and recent AI licensing developments.
- Elevated short interest remains a factor, currently sitting at approximately 15% of the float, alongside a recent 10b5-1 insider sale.
- Analyst price targets remain mixed around $230-$250, though Jefferies maintains a Buy rating with a $325 target.