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α52
Alpha 52
Where AI meets Quant
RDDT
207.56
- 5.00%
Reddit, Inc.
Media

News Sentiment

59m ago
Bullish 80%
Bearish 20%

News Summary

The company's stock extended its rally for a third consecutive day, jumping 12.04% to close at $218.48 as investors engaged in bargain-hunting. This follows strong quarterly earnings and product enhancements that have encouraged analysts to take a more optimistic view, slightly raising the consensus price target to $240.70. The stock has surged 17.7% over the last week and boasts a 31.7% year-to-date gain, reflecting renewed optimism fueled by recent partnerships and ongoing monetization efforts.
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