The Zhitong Finance App learned that on Friday, Reddit (RDDT.US) stock price rose. As of press release, the stock had risen more than 7% to $53.645. Goldman Sachs raised its target price for the share from $40 to $55, maintaining a “neutral” rating.

The company's co-founder and CEO Steve Huffman previously said the company plans to release new products related to the company's marketing efforts in the coming months. The company plans to expand revenue streams other than advertising to what Steve Huffman calls the “user economy” — that is, users earn money from others on the platform.