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Pathikrit Bose

As Wedbush Turns Bullish on Reddit Stock, Here's Why You Should Too

Reddit Wedbush RDDT Google Gemini LLM

Leading broker Wedbush has initiated coverage of social media platform Reddit (RDDT) with an “Overweight” rating and a price target of $250. This indicates a potential upside of 35% from current levels.

Citing multiple drivers of growth, such as better app quality, innovative products, and licensing deals with LLM developers such as Google's (GOOG) (GOOGL) Gemini and OpenAI's ChatGPT, Wedbush reckons Reddit is operating from a position of strength.

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