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Reddit Analyst Points To 'Low-Hanging Fruit' That Could Mean 20% Revenue Growth In 'Next Few Years'

Benzinga ·  Apr 15 22:28

Investing inReddit, Inc(NYSE:RDDT) the social media platform renowned for its diverse range of communities, has captured the attention of many stock market enthusiasts. As Reddit embarks on its journey as a publicly traded company, investors are keenly eyeing its potential for growth and profitability.

The Reddit Analyst

JPMorgan analyst Doug Anmuth recently shared his insights on Reddit's potential trajectory in an initiating coverage note. Anmuth initiated coverage of Reddit with a Neutral rating and set a price target of $47 by December 2024. This target suggests an 11% upside from current levels, reflecting cautious optimism about Reddit's future...

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