Reddit shares gained Monday after Seaport Global’s Aaron Kessler upgraded the stock from Neutral to Buy and set a $165 price target, according to Benzinga. Kessler cited surging ad revenue, international user momentum, and a growing commercial user base. Reddit posted first-quarter revenue of $392.36 million and earnings of $0.13 per share, both beating estimates. Daily active users grew in the high teens, and advertiser count rose 50% year-over-year.
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