Reddit, Inc. (NYSE: RDDT) Maintains Positive Outlook Despite Legal Challenges

• Morgan Stanley maintains an "Overweight" rating for NYSE:RDDT, raising its price target from $154 to $170.
• Reddit faces a securities class action lawsuit for investors who bought securities between October 29, 2024, and May 20, 2025.
• The stock price of RDDT shows a 4.01% increase, with a current price of $148.24, indicating active investor interest and market volatility.

Reddit, Inc. (NYSE:RDDT) is a social media platform known for its diverse user-generated content and community-driven discussions. It competes with other social media giants like Facebook and Twitter. On July 20, 2025, Morgan Stanley maintained its "Overweight" rating for RDDT, indicating confidence in the stock's potential. The stock price at the time was $148.24.

Morgan Stanley also raised its price target for Reddit from $154 to $170, as highlighted by TheFly. This suggests that the firm expects the stock to perform well in the future. Despite this positive outlook, Reddit is currently involved in a securities class action lawsuit. Rosen Law Firm is urging investors who bought Reddit securities between October 29, 2024, and May 20, 2025, to seek legal counsel before August 18, 2025.

The stock price of RDDT is currently $148.24, showing a 4.01% increase or $5.72. Today, the stock has fluctuated between $138.11 and $149.09. Over the past year, RDDT has seen a high of $230.41 and a low of $49.13. This volatility reflects the dynamic nature of the stock market and investor sentiment.

Reddit's market capitalization is approximately $27.35 billion, indicating its significant presence in the social media industry. The trading volume for RDDT today is 5,988,612 shares, showing active investor interest. Despite the ongoing legal issues, the stock's performance and Morgan Stanley's positive outlook suggest potential growth for Reddit.