{
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reddit sees increased institutional investment amid mixed analyst ratings and forecasts

Charles Schwab Investment Management Inc. increased its stake in Reddit to 503,321 shares, valued at $33.2 million, while several firms, including Cerity Partners LLC and Daiwa Securities Group Inc., acquired new positions in the company during the third quarter. Wells Fargo & Company lowered its price target for Reddit from $215 to $158, maintaining an "overweight" rating, while other analysts have varied opinions, with a consensus rating of "Moderate Buy" and an average target price of $163. Reddit's stock opened at $107.57, with a market cap of $19.46 billion.
MarketBeat
Robert W. Baird & Co. Inc. The Goldman Sachs Group, Inc. Daiwa Securities Group Inc. Wells Fargo & Company Charles Schwab Investment Management Inc. Redburn Atlantic Citigroup Inc. USA Christopher Slowe Show more
Finance & Economy, Market Report
15:13 31.03.2025

asia markets mixed as wall street rally stalls ahead of rate decision

Asia markets opened mixed following a stall in Wall Street's rally, with attention on the Bank of Korea's upcoming rate decision. U.S. inflation data aligns with the Federal Reserve's goals, suggesting stability in employment and prices, while the S&P 500's strong moving averages indicate solid market internals despite a slight downturn. Analysts are also exploring opportunities in international markets, citing U.S. stocks as relatively expensive.
CNBC
United States Dollar Global X Redburn Atlantic Morningstar, Inc. Strategas USA Scott Helfstein Scott Schnipper Donald Trump Chris Verrone Kunal Kapur Show more
Finance & Economy, Market Report
00:50 28.11.2024
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