Reddit (RDDT) shares rose 4% in recent Wednesday trading after Jefferies initiated its coverage on the stock with a buy rating and a $90 price target.
Needham also raised its price target on Reddit's stock to $85 from $75 and maintained a buy rating.
Trading volume stood at about 750,000 shares against a daily average of roughly 3.9 million shares.
Price: 74.05, Change: +3.28, Percent Change: +4.63
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