Reddit Inc. (NYSE: RDDT) shares surged after Loop Capital reiterated its Buy rating and maintained a $260 price target, implying significant upside from recent trading levels. The analyst cited Reddit’s continued revenue growth, expanding advertising business and growing role in AI data licensing, where major companies are paying for access to the platform’s vast collection of user-generated discussions. The bullish call comes after a difficult year for the stock, which has faced competitive concerns following Meta’s launch of a discussion-focused platform and pressure from insider stock sales.
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