Here's why Reddit has more room to grow: Analyst

Shares of Reddit (RDDT) are up almost 25% since its IPO debut in March. Needham & Company senior entertainment and internet analyst Laura Martin raised her...

) are up almost 25% since its IPO debut in March. Needham & Company senior entertainment and internet analyst Laura Martin raised her price target for the company from $63 to $75, citing its new AI deal and more.

Martin argues Reddit will gain even more from future deals with other tech companies:"So the margins here are 90% when they do one of these licensing deals and they already have a $200 million deal with Google ranks 4th in the list, it deserves a deeper look.

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