Reddit Stock Ends Skid As Analysts Shrug Off ChatGPT Concerns

Shares of the social media player gained nearly 5% in midday trades on the stock market today. Reddit stock lost more than 10% Wednesday after a third-party research report indicated that the hit generative AI bot ChatGPT was citing Reddit's user posts less frequently in responses. Reddit stock lost another 1% Thursday. The stock is still down 13% for the week. In a note to clients late Thursday, Piper Sandler analyst Thomas Champion reiterated an overweight, or buy, call for Reddit with a 290 target price ...