On Oct 30, major Wall Street analysts update their ratings for $Reddit (RDDT.US)$, with price targets ranging from $99 to $120.
J.P. Morgan analyst Doug Anmuth maintains with a hold rating, and adjusts the target price from $77 to $110.
BofA Securities analyst Justin Post maintains with a hold rating, and sets the target price at $99.
Citi analyst Ronald Josey maintains with a buy rating, and adjusts the target price from $70 to $120.
Jefferies analyst John Colantuoni maintains with a buy rating, and adjusts the target price from $100 to $120.
Loop Capital analyst Alan Gould maintains with a buy rating, and adjusts the target price from $80 to $120.
Furthermore, according to the comprehensive report, the opinions of $Reddit (RDDT.US)$'s main analysts recently are as follows:
Reddit's third-quarter performance surpassed expectations, and the company's fourth-quarter projections are robust. Structural enhancements are benefiting the company as it consistently executes its strategy, which spans product development, user engagement, and monetization efforts.
The firm has increased its estimates on Reddit following a robust Q3 performance and a Q4 forecast surpassing expectations. This adjustment accommodates an anticipated rise in advertising revenue, balanced by a slight dip in data revenue. The firm acknowledges the company's consistent strong ad business performance, yet notes that the current high valuation of the stock may imply limited potential for growth.
The company showcased robust third-quarter outcomes, with revenue surpassing consensus forecasts by 11% and EBITDA exceeding the top end of guidance by 57%. Highlighted within these results is the platform's sustained user base expansion and enhanced user engagement, with daily active users climbing to 97 million, marking a 47% increase on a year-over-year basis. This growth is partially credited to increased platform dialogue and the implementation of machine translation on a global scale. There is optimism that these trends will persist as the company introduces new advertising formats and begins to capitalize on additional features such as search, video, and shopping, thereby increasing the company's operating efficiency.
Reddit exhibited an even larger upside this quarter beyond its initial success post-IPO, achieving GAAP earnings positivity. This performance was propelled by a significant 56% increase in advertising revenue. The platform is still in the preliminary stages of enhancing user growth and advancing its monetization efforts.
Here are the latest investment ratings and price targets for $Reddit (RDDT.US)$ from 8 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
美东时间10月30日，多家华尔街大行更新了$Reddit (RDDT.US)$的评级，目标价介于99美元至120美元。
摩根大通分析师Doug Anmuth维持持有评级，并将目标价从77美元上调至110美元。
美银证券分析师Justin Post维持持有评级，目标价99美元。
花旗分析师Ronald Josey维持买入评级，并将目标价从70美元上调至120美元。
富瑞集团分析师John Colantuoni维持买入评级，并将目标价从100美元上调至120美元。
Loop Capital分析师Alan Gould维持买入评级，并将目标价从80美元上调至120美元。
此外，综合报道，$Reddit (RDDT.US)$近期主要分析师观点如下：
Reddit第三季度的表现超出预期，公司第四季度的预测也很强劲。结构性改进让公司受益，因为其不断执行跨产品开发、用户参与和盈利努力的策略。
该公司根据Reddit强劲的第三季度表现和超出预期的第四季度预测提高了估值。这一调整反映了广告营收预期上升，部分抵消了数据营收的轻微下降。公司认可公司一贯强劲的广告业务表现，但指出目前股票的高估值可能意味着增长潜力有限。
公司展示了强劲的第三季度业绩，营业收入超过共识预测11%，EBITDA超过指导的最高值57%。这些结果突出了平台持续扩大的用户群体和增强的用户参与度，日活跃用户数增至9700万，较去年同比增长47%。这种增长部分归因于平台对话的增加和全球范围内机器翻译的实施。人们对这些趋势会持续下去感到乐观，因为公司正在推出新的广告格式，并开始利用搜索、视频和购物等其他功能，从而提高公司的运营效率。
Reddit在首次公开发行后表现出更大的上行空间，实现了符合普遍公认会计准则的盈利。这一业绩是由广告营收显著增长56%推动的。该平台仍处于提高用户增长和推进盈利努力的初步阶段。
以下为今日8位分析师对$Reddit (RDDT.US)$的最新投资评级及目标价：
提示:
TipRanks为独立第三方，提供金融分析师的分析数据，并计算分析师推荐的平均回报率和胜率。提供的信息并非投资建议，仅供参考。本文不对评级数据和报告的完整性与准确性做出认可、声明或保证。
TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。
分析师总胜率为近一年分析师的评级成功次数占总评级次数的比率。评级的成功与否，取决于TipRanks的虚拟投资组合是否从该股票中产生正回报。
总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。
