RBC Capital Initiates Coverage on Reddit (RDDT) with Sector Perform Rating | RDDT Stock News

Jun 03, 2025

In the latest analyst coverage, RBC Capital has initiated coverage on Reddit (RDDT, Financial) with a "Sector Perform" rating. This announcement was made by Brad Erickson on June 3, 2025, adding a significant development to Reddit's market presence.

The financial services company set a price target of $125.00 USD for Reddit, indicating the analyst's projection of the stock's potential market value. This target provides investors with a benchmark to gauge the performance expectations for Reddit's stock in the coming period.

This coverage initiation by RBC Capital marks the beginning of their analysis and tracking of Reddit (RDDT, Financial), showcasing the interest and potential that analysts see in the company. The "Sector Perform" rating suggests that Reddit is expected to perform in line with the broader industry sector, providing a stable investment prospect.

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