Morgan Stanley has upgraded Reddit's rating to "overweight" and raised its target stock price from $70 to $200.
According to FactSet's survey, Reddit's current analyst average rating is "overweight", with an average target stock price of $131.50. Morgan Stanley's adjustment reflects confidence in Reddit's future growth potential. Reddit operates a global social platform that allows users to create and share content, form communities, and use artificial intelligence technology to help advertisers improve advertising effectiveness.