Loop Capital lifts Reddit price target on OpenAI licensing deal

Loop Capital News

Loop Capital lifts Reddit price target on OpenAI licensing deal
Josh LiptonRedditSeana Smith
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Loop Capital has raised its price target on Reddit (RDDT) from $60 to $75, citing its OpenAI licensing deal. Josh Lipton and Seana Smith discuss the call and...

Loop Capital is raising its price target on Reddit from $60 to 75.Uh, open a I member is gonna licence Reddit Reddit Data become a reddit advertising partner.So the team at Loop obviously they clearly like the sound of all that they do.

I also thought it was interesting just in terms of the potential growth areas that Lou Cap mentioned going forward. -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.

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