Evercore ISI Initiates Reddit (RDDT) Coverage with $320 Price Target, 30% Upside
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Should l Buy ?
Source: CNBC
- Reddit Coverage Initiation: Evercore ISI initiates coverage of Reddit (RDDT) with an Outperform rating and a $320 price target, indicating a 30% upside, reflecting strong confidence in its projected EBITDA of $1.8 billion.
- Mastercard Upgrade: Compass Point upgrades Mastercard (MA) from Neutral to Buy with a price target of $735, suggesting that the stock has further room to run, benefiting from ongoing consumer spending growth.
- KLAC Upgrade: TD Cowen upgrades KLAC from Hold to Buy, highlighting its market share gains in the semiconductor capital equipment sector, which is expected to benefit from leading-edge Foundry WFE spending.
- Micron Price Target Increase: Bank of America reiterates its Buy rating on Micron (MU) and raises its price target from $300 to $400, reflecting optimism regarding its robust pricing environment.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
