Reddit price target raised to $100 from $90 at Jefferies

Jefferies raised the firm’s price target on Reddit (RDDT) to $100 from $90 and keeps a Buy rating on the shares. Among the U.S. Internet group, the firm prefers names either skewed to high-income consumers – like DoorDash (DASH) and Uber (UBER) – or with exposure to end-markets nearing inflection – such as ACV Auctions (ACVA), CarGurus (CARG) and Zillow (Z) – the analyst tells investors in a preview. Among the group, Zillow remains the firm’s top overall pick, while Uber is its top large cap pick, the analyst noted.