Reddit Stock Surges: Jefferies Boosts Target to $300

Reddit's stock price surged 8% after Jefferies raised its price target to $300, citing strong revenue growth and data licensing potential. While Reddit's stock is volatile, this jump, fueled by excitement around AI, marks a new yearly high and a 56% increase year-to-date, turning a $1,000 IPO investment into over $5,000. Is Reddit the next gorilla in the tech market? Hosted on Acast. See acast.com/privacy for more information.