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Reddit price target raised to $150 from $85 at Bernstein

Reddit price target raised to $150 from $85 at Bernstein

Bernstein raised the firm’s price target on Reddit (RDDT) to $150 from $85 and keeps an Underperform rating on the shares. The firm notes Reddit’s stock continues to defy gravity, as ad checks, Google-originated traffic, and product shipments all impress.

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