Guggenheim starts ‘industry revenue growth leader’ Reddit with a Buy

As previously reported, Guggenheim analyst Michael Morris initiated coverage of Reddit (RDDT) with a Buy rating and $210 price target Reddit is poised to capitalize on strong social media growth in “the quarters and years ahead,” argues the analyst, who cites the company’s growing and “highly engaged” user base” and “significant ad monetization improvement opportunities.” The firm expects investor interest in “the industry revenue growth leader to remain high” going into 2025, the analyst added.