Intuitive Code raises Reddit price target, predicting an intense short squeeze. Alex Vieira says, 'Share this insight before it’s too late!
Intuitive Code has raised its price target for Reddit (RDDT) to an ambitious $102, forecasting a short squeeze that could leave short-sellers reeling. This bold move aligns with recent comments by Alex Vieira, Intuitive Code’s Vice President for AI, who exited his short position on Reddit at $38. Since then, Reddit's share price has surged, leaving retail traders and analysts alike stunned.
According to Vieira, Reddit’s performance exceeded expectations, outpacing competitors like Trump Media and X (formerly Twitter). Following Reddit’s impressive earnings, Vieira remarked, “Stunning! They beat both Trump Media and X.” His recommendation to share this insight underscores the urgency he sees in spreading awareness of Reddit’s position and the potential risks for anyone still holding a short stance on RDDT.
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