Reddit Inc. (NYSE:RDDT) just got a major thumbs-up from Morgan Stanley, with analyst Brian Nowak upgrading the stock to Overweight and setting a bold $200 price target. This reflects a 23% upside — but the real buzz lies in the potential for an 85% upside under the firm’s bull case scenario.
Nowak didn’t mince words: “We think it’s still early in RDDT’s best-in-class engagement, monetization, and EBITDA story.” This newfound conviction stems from Reddit’s aggressive rollout of engagement and advertising initiatives.
According to Nowak, the platform is “rapidly shipping its pipeline of engagement and advertising initiatives,” driving outsized user and revenue growth.
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Reddit’s Engagement, Ad Pipelines: The Secret Sauce
Reddit’s focus …
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