Investing.com -- Evercore ISI downgraded Reddit to In Line from Outperform on Friday and slashed its price target to $120 from $265 after the social media company reported third-quarter results that beat estimates but warned of declining traffic pressured by AI search summaries. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Analyst Mark Mahaney wrote that the firm is "incrementally more concerned about user durability," noting that U.S. daily active users fell 2% year over year.
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