Reddit shares rise 7%, hit record as Raymond James raises price target
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Reddit shares surged over 7% to a record high of $191 after Raymond James analysts raised their price target and reiterated a 'strong buy' rating.
January 21, 2025 | 8:15 pm
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Reddit shares rose over 7% to a record high of $191 after Raymond James analysts raised their price target and reiterated a 'strong buy' rating.
The increase in Reddit's share price is directly linked to the positive analyst action by Raymond James, which raised the price target and maintained a 'strong buy' rating. This typically signals confidence in the company's future performance, encouraging investors to buy, thus driving the stock price up.
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