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Reddit's IPO Fizzles: Analysts See Modest Rebound Potential

By Athena Xu

4/15, 13:19 EDT
  • Reddit Inc's stock price has experienced a significant decline from its initial post-IPO surge, currently trading around $40, which is a 5.25% drop from the previous close and below the opening trade price of $47.
  • The current market price reflects a cautious sentiment from major Wall Street firms, with some analysts setting price targets close to the current level, indicating limited short-term upside potential.