** Shares of social media firm Reddit RDDT.N rise 1.7% to $229.10 before the bell
** Deutsche Bank raises PT to $235 from $195; Raymond James also ups PT to $250 from $200 on Monday
** New PT represents 4.3% and ~11% upside to stock's last close, respectively
** Deutsche Bank says RDDT sees healthy demand for digital ad verification tools, specifically in the U.S., consistent sequential growth in data licensing rev and incremental dealmaking activity
** RDDT's forecast of 13% rev growth at the midpoint in Q4 from Q3 looks achievable, as peak uptake in seasonal demand is expected to be between high-teens to lower-double-digit growth from last quarter - Deutsche Bank
** Brokerage firm Raymond James says U.S ad rev is expected to show a sequential growth of low-30s; RDDT has seen a two-fold rise in advertisers
** Says machine learning-powered translation of international languages showing promising early results, with "triple-digit" rise in traffic in French, Spanish and Portuguese languages
** 13 of 20 brokerages rate the stock "buy" or higher, 6 "hold" and 1 "sell" or lower; their median PT is $190
** RDDT has more than tripled since listing in March 2024
(Reporting by Rishi Kant in Bengaluru)
((Rishi.Kant@thomsonreuters.com))
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