Reddit shares rise 7%, hit record as Raymond James raises price target

Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Reddit shares rose over 7% to a record high Tuesday after Raymond James analysts raised their price target and reiterated their "strong buy" rating for the social media platform.The company's shares reached$ 191 during midday trading, topping a previous high of $182 on Jan. 6. Reddit shares ...