RBC Capital raises Reddit stock price target to $245 on ad load growth
PositiveFinancial Markets

RBC Capital has raised its price target for Reddit's stock to $245, citing growth in advertising load as a key factor. This adjustment reflects confidence in Reddit's ability to enhance its revenue through increased ad placements, which is crucial for its financial health and investor interest. As the digital advertising landscape evolves, this positive outlook could attract more investors and boost Reddit's market position.
— Curated by the World Pulse Now AI Editorial System