Group 1 - Reddit Inc. (NYSE:RDDT) is recognized as one of the top 10 new stocks to buy in Ray Dalio's portfolio, with Cantor Fitzgerald initiating coverage with a Neutral rating and a price target of $240 [1] - The company boasts approximately 120 million daily active users, including over 50 million logged-in users who spend between 20 and 45 minutes on the platform daily [1] - Analyst Deepak Mathivanan highlights Reddit's unique consumer value proposition, strong network effects, and valuable content for the AI era as key drivers for revenue growth in the coming years [2] Group 2 - Piper Sandler maintains an Overweight rating on Reddit Inc. and sets a price target of $290, citing significant upside potential from the company's data licensing segment [3] - The firm believes that Reddit's data licensing agreements with Google and OpenAI are just beginning to show potential, with expectations of generating $400 million in revenue by 2027 [3] - Reddit operates as a digital community platform where users can create and join communities based on shared interests [4]
Cantor Fitzgerald Assumes Coverage of Reddit (RDDT), Highlights the Company’s 120M Daily Users