RDDT is trading at 3.7% up now at $202.23 after a wave of analyst upgrades and continued positive sentiment following its strong third-quarter earnings. Multiple major firms, including Truist Securities, Morgan Stanley, and Jefferies, have recently raised their price targets and reiterated Buy or Overweight ratings, citing robust user engagement, improved ad formats, and Q4 guidance that exceeded expectations. The Zacks Consensus Estimate for Reddit's full-year EPS has also been revised up by 25.5% in the past month, reflecting growing optimism about the company's growth prospects. Insider selling by executives was disclosed but appears routine and not negatively impacting sentiment.
🟢 RDDT is trading 3.7% up today as analyst upgrades and strong Q3 results fuel optimism
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