Reddit price target raised to $110 from $77 at JPMorgan

JPMorgan raised the firm’s price target on Reddit (RDDT) to $110 from $77 and keeps a Neutral rating on the shares. The company reported Q3 upside and a strong Q4 outlook, the analyst tells investors in a research note. Reddit is benefitting from structural improvements as the company executes across its strategy across product, users, and monetization, the analyst tells investors in a research note.