Reddit (RDDT) Seen as a Key Strategic AI Asset as Demand for Training Data Grows

Reddit, Inc. (NYSE:RDDT) is one of the AI Stocks in Focus This Week. On December 1, Piper Sandler reiterated an “Overweight” rating on the stock with a price target of $290.00. The firm views Reddit as a strategic AI asset supported by licensing potential and ad revenue momentum. Reddit has two primary Data Licensing (DL) agreements in place with Google and OpenAI. These DL agreements drive a significant portion of segment revenue, and are on track to reach an estimated $400million in revenue by 2027, sur ...