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Citizens JMP increases PT on Reddit (DRDT)

Reddit, Inc. (NYSE: RDDT) is one of the Best Wallstreetbets actions in which invest. On September 18, the analyst of Citizens JMP, Andrew Boone The fly. According to the analyst, the company believes that Reddit, Inc. (NYSE: RDDT) has several catalysts until 2026, such as a redesign of food, the integration of responses in research and progress of monetization in progress. In particular, the company estimates that high -end results can continue to surpass estimates.

Citizens JMP increases PT on Reddit (DRDT)

In the second quarter of 2025, Reddit, Inc. (NYSE: DRDT) increased 78% in annual sliding to $ 500 million, its fastest quarterly growth rate since 2022. The daily active users of the company increased to 110 million, up 21% in annual shift, with growth in the American and international markets. This was mainly helped by product improvements and the increase in marketing activity. Reddit’s advertising activity, Inc. (NYSE: RDDT) increased by 84% in annual shift to T2 2025, reaching $ 465 million. Growth has been helped by a general force throughout the company, the majority of its growth from existing advertisers deepening their investments and retaining their share of spending.

Maple Tree Capital, an investment management company, published its letter as an investor in the first quarter of 2025. Here is what the fund said:

“Reddit, Inc. (NYSE: RDDT) is the most recent and smaller position in Heartwood. We plan to increase this position in size in the coming quarters and years when history is parallel to what we see in Grindr in the Jonagold portfolio. Reddit contains incredibly unique and structured data generated by users, which will be extremely precious in the AI ​​era. In addition, their user base spends a ton of time on the application. It is much easier to monetize users if you have users! Reddit has spent decades to acquire a user base and is only at the start of its monetization career. More people visit Reddit every day than Netflix. Their assessment is clean, but remuneration and dilution based on shares are important. We wrote a little more about Reddit here and we expect to share more on our thesis shortly. »»

Although we recognize the potential of the DRDT as an investment, we believe that certain AI actions offer greater rising potential and have less risks. If you are looking for an extremely undervalued AI stock that should also benefit considerably from the Trump era tariffs and the excessive trend, see our free report on the Best short -term AI stock.

Read then: 13 inexpensive AI stocks to buy according to analysts And 11 unstoppable growth shares to invest now

Disclosure: None. This article is initially published at Initiate monkey.

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