Reddit Stock Gains on Bullish Analyst Outlook
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BTCCSquare news:
Reddit shares climbed nearly 1% to a record high Thursday as Jefferies analysts raised their price target to $320, citing untapped revenue potential. The platform's unique discussion-based model differentiates it from traditional social media peers.
Analysts highlighted Reddit's 35% revenue upside potential versus consensus estimates for 2027, with U.S. average revenue per user significantly lagging competitors. The stock's performance mirrored broader market gains during the session.
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