Reddit Gets Pair Of Price-Target Hikes From Analysts On Ad Upside

Blockhead11-26

Reddit (RDDT) stock nabbed a pair of price-target hikes from analysts on Monday. The bullish new estimates come as Reddit tries to build off a red-hot run during its first year as a public company. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2486058729?lang=en_US&edition=fundamental","thumbnail":"https://www.investors.com/wp-content/uploads/2024/02/Stock-reddit-01-adobe-150x150.jpg","is_english":true,"pubTime":"2024-11-26 00:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486058729","market":"nz","top_or_hot":-1,"title":"Reddit Gets Pair Of Price-Target Hikes From Analysts On Ad Upside","media":"Blockhead","content":"<div>\n<p>Reddit (RDDT) stock nabbed a pair of price-target hikes from analysts on Monday. The bullish new estimates come as Reddit tries to build off a red-hot run during its first year as a public company.\n\n\n...</p>\n\n<a href=\"https://www.investors.com/news/technology/reddit-stock-price-target-hike-rddt-news/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit Gets Pair Of Price-Target Hikes From Analysts On Ad Upside</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit Gets Pair Of Price-Target Hikes From Analysts On Ad Upside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 00:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/reddit-stock-price-target-hike-rddt-news/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reddit (RDDT) stock nabbed a pair of price-target hikes from analysts on Monday. The bullish new estimates come as Reddit tries to build off a red-hot run during its first year as a public company.\n\n\n...</p>\n\n<a href=\"https://www.investors.com/news/technology/reddit-stock-price-target-hike-rddt-news/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4554","symbol_name":"元宇宙及AR概念","start_time":0,"source_url":"https://www.investors.com/news/technology/reddit-stock-price-target-hike-rddt-news/","article_id":"2486058729","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/02/Stock-reddit-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486058729","pubTimestamp":1732551350,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Reddit stock got a pair of price target hikes from analysts on Monday citing its strong ad growth potential.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4554":"元宇宙及AR概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4508":"社交媒体","BK4077":"互动媒体与服务","BK4588":"碎股","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","PINS":"Pinterest, Inc.","BK4551":"寇图资本持仓","BK4547":"WSB热门概念","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4548":"巴美列捷福持仓","TCEHY":"腾讯控股ADR","RDDT":"Reddit"},"translate_title":"Reddit因广告上涨而两次上调目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCEHY":1,"RDDT":1,"PINS":1},"content_text":"Reddit (RDDT) stock nabbed a pair of price-target hikes from analysts on Monday. The bullish new estimates come as Reddit tries to build off a red-hot run during its first year as a public company.\n\n\n\n↑\nX\n\n\n\n\nParty Like It's 1999? How To Play The Bullish Stampede As AppLovin, Astera, Reddit Surge\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nParty Like It's 1999? How To Play The Bullish Stampede As AppLovin, Astera, Reddit Surge\n\n\n\n\nAnalysts with both Jefferies and JMP Securities increased their price target for Reddit stock in separate client notes early Monday. Reddit stock has gained nearly 200% following its March IPO.\nJefferies analyst John Colantuoni said Reddit is still early in its monetization efforts and could have strong advertising revenue growth ahead, based on how social media rivals Pinterest (PINS)and Snap (SNAP) grew at similar stages.\n\"PINS/SNAP in the years following 2017/2016 offer valuable insights into RDDT's current outlook, given these periods are when each had similarly nascent ad stacks,\" Colantuoni wrote. \"We found PINS/SNAP delivered roughly 50% revenue compound annual revenue growth in the subsequent 3 years (U.S. only), which would imply nearly 35% upside to 2026 consensus if RDDT achieved the same trajectory.\"\nColantuoni estimates that Reddit could maintain 25% or more annual revenue growth through 2026. While user growth will slow from the 47% surge in Reddit's previous quarter, Jefferies projects that Reddit can drive higher average revenue per user over time.\nJefferies reiterated a buy rating for Reddit stock and set a price target of 175, up from 120.\nReddit stock is trading sideways near 145.50 in recent action on the stock market today. Shares have flipped between gains 2.5% and a loss of 1.5%. Reddit stock slid on Friday but still closed ahead 17% overall for the week.\nReddit's International Buildup\nMeanwhile, JMP Securities analyst Andrew Boone hiked his price target of Reddit to 160, from 118. JMP rates Reddit stock outperform.\nIn a client note Monday, Boone said he is \"confident that Reddit's operational momentum can continue\" following a meeting with the company's leadership team.\n\"While we acknowledge tougher comps and the increased share price, Reddit has multiple product catalysts near term including greater personalization of the service (including for logged-out users), international ramping with both better local content and machine translation, search improvements, and better advertising and measurement tools,\" Boone wrote.\nReddit Stock: Rally Takes Breather\nReddit's big rally took a breather on Friday, with shares falling 7% on the day. The slide followed news that a major Reddit shareholder – Advance Magazine Publishers – planned to borrow against its stake in the company. That news followed a large sale from a separate shareholder, Chinese technology company Tencent (TCEHY).\nStill, the decline Friday only took a small bite out of Reddit's big gains in recent weeks. Shares turned red-hot after the company posted a surprise profit with its third-quarter results in late October. Reddit stock is up 22% in November and gained 81% in October.\nReddit broke out from a cup-with-handle base buy point of 69.11 on Oct. 4. The stock then gapped up a massive 42% on Oct. 30, after the company's third-quarter earnings report.\nReddit stock is also on the premier IBD 50 list, as well as IBD's IPO Leaders and Tech Leaders lists.\nYOU MAY ALSO LIKE:\nHow Reddit Surprised Wall Street With 185% Post-IPO Surge\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nGet Timely Buy & Sell Alerts With IBD Leaderboard\nTop Growth Stocks To Buy And Watch\nLearn How To Time The Market With IBD's ETF Market Strategy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486058729"}