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Reddit stock rises premarket after positive analyst comments

Reddit stock climbed sharply in premarket trading after Cleveland Research and, earlier, Piper Sandler published positive comments on business and advertising trends. Piper Sandler highlighted persistently strong advertising spend in May and raised estimates for Q2 and fiscal 2026. Analysts also emphasized the value of Reddit data for AI, attractive margins and low capital requirements, while a potential increase in Google licensing fees in 2027 is generating speculative interest. » Altro su de.investing.com