RDDT is trading at $254.66 (+4.36%) after Evercore ISI initiated coverage with an Outperform rating and a $320 price target.
- Broader indices are showing modest gains (Nasdaq up 0.27%), providing a supportive market backdrop.
- The $320 price target is well above the current trading price, likely fueling the early market move.
- Trading volume appears normal for the early session, despite pre-market futures trending lower earlier today.