Reddit shares rise 7%, hit record as Raymond James raises price target

1. Reddit shares rose over 7%, reaching record highs after analyst upgrades. 2. Raymond James raised Reddit's price target to $200, citing international expansion potential. 3. Reddit's Q3 sales increased 68% year-over-year, driven by online advertising. 4. AI-driven translations will enhance user growth in non-U.S. markets. 5. Risks include potential negative impacts from Google search algorithm changes.