|
|
|
|
|||||
|
|
|
Reddit, Inc. (NYSE:RDDT) is one of the best hot large cap stocks to buy according to hedge funds. In a report released on August 22, Brad Erickson from RBC Capital maintained a Hold rating on Reddit, Inc. (NYSE:RDDT) with a price target of $210.00.
Similarly, Argus Research initiated coverage of Reddit, Inc. (NYSE:RDDT) with a Buy rating on August 18, setting a price target of $250.00.
The firm told investors in a research note that Reddit, Inc. (NYSE:RDDT) boasts an impressive growth record, with its recent results trending positively.
It added that while the stock is not cheap, its growth runway is promising, and that justifies the premium.
Reddit, Inc. (NYSE:RDDT) operates a social networking, entertainment, and news website that allows registered community members to share and submit content.
While we acknowledge the potential of RDDT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
| 4 hours | |
| 8 hours | |
| Sep-03 | |
| Sep-03 | |
| Sep-03 | |
| Sep-03 | |
| Sep-03 | |
| Sep-02 | |
| Sep-02 | |
| Sep-01 | |
| Sep-01 | |
| Sep-01 | |
| Aug-31 | |
| Aug-31 | |
| Aug-31 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite