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One Wall Street Analyst Believes Reddit Stock Has 30% Upside
Reddit's solid growth has earned its stock a Buy rating from Loop Capital.
Tag: Reddit
Wall Street Brokers Start Covering Reddit, Skeptical of User Growth
J.P. Morgan and Morgan Stanley have begun rating Reddit with the equivalent of a "hold" as they await clarity on the social media company's user growth, while remaining bullish on ad revenue growth and artificial intelligence (AI) initiatives. Reddit shares were up 0.88% at $42.64 in pre-panel trading. Although Reddit, which debuted last month, still relies on advertising for the vast majority of its revenue, it touted artificial intelligence as a growth area in its IPO marketing pitch.
After the highly anticipated IPO, the reality of Reddit stock may have begun. 3 Things Smart Investors Should Know
Reddit's debut in the marketplace has been eye-opening, but the company still has a lot to prove.
Why I won't touch Reddit stock.
Reddit's much-anticipated initial public offering has come and gone, but I think there are a few reasons to avoid the stock.
Why Reddit Stock Rallied This Week Despite the Volatility
After last week's explosive initial public offering (IPO)...
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