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Reddit price target raised to $80 from $70 at Raymond James

Raymond James raised the firm’s price target on Reddit to $80 from $70 and keeps a Strong Buy rating on the shares. Heading into digital advertising earnings season, the firm retains its constructive stance on Meta Platforms and Reddit. Raymond James’s ad agency checks suggested 1%-1.5% Q3 growth upside on total ad spend with outperformance skewed towards Meta and Google.

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