🟢 RDDT is trading 4% up today as DA Davidson initiates coverage

RDDT is trading at $163.16 (+4.04%) as DA Davidson initiates coverage, helping the stock rebound from a 5.69% decline in the previous session.

• Broader markets are trending higher after an indefinite US-Iran ceasefire extension eased geopolitical tensions, with the S&P 500 and NASDAQ up 0.82% and 1.31%, respectively.
• The upward move comes despite Citizens lowering its price target to $250, citing concerns over increasingly difficult year-over-year comparisons.