Reddit Inc. (NYSE:RDDT) just got a major thumbs-up from Morgan Stanley, with analyst Brian Nowak upgrading the stock to Overweight and setting a bold $200 price target. This reflects a 23% upside — but the real buzz lies in the potential for an 85% upside under the firm’s bull case scenario.
Nowak didn't mince words: "We think it's still early in RDDT’s best-in-class engagement, monetization, and EBITDA story." This newfound conviction stems from Reddit's aggressive rollout of engagement and advertising initiatives.
