Morgan Stanley has revised its price target for Reddit (RDDT, Financial), reducing it from $210 to $140. Despite this adjustment, the firm maintains an Overweight rating on the company's shares. This change reflects a broader reassessment of estimates for the North American internet sector, driven by macroeconomic factors and tariff influences on e-commerce and digital advertising.
Analyst Brian Nowak highlighted the need to account for these economic pressures, which are affecting a range of digital platforms in the region. The revised projection aims to align with the anticipated impacts that these factors may have on Reddit's market performance and revenue growth.
