On Oct 31, major Wall Street analysts update their ratings for $Reddit (RDDT.US)$, with price targets ranging from $99 to $120.
Goldman Sachs analyst Eric Sheridan maintains with a hold rating, and adjusts the target price from $60 to $105.
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.
Furthermore, according to the comprehensive report, the opinions of $Reddit (RDDT.US)$'s main analysts recently are as follows:
The company's third-quarter performance exceeded expectations and was coupled with a robust forecast for the fourth quarter. Reddit is seeing advantages from structural enhancements as it effectively carries out its comprehensive strategy, which spans product development, user growth, and revenue generation.
The firm's price target adjustment for Reddit is set aside, focusing on the robust Q3 performance and the Q4 revenue and EBITDA forecast exceeding market expectations. Post-results, estimates have been adjusted to accommodate increased advertising revenue, though balanced by a slight dip in data revenues. The consistent strong performance in advertising is seen positively, but there's an implication that the current high valuation of the stock may cap its growth potential.
The company's quarterly results were notably strong, with revenue exceeding consensus forecasts by 11% and EBITDA surpassing the high-end of guidance by 57%. The impressive financial performance is underpinned by sustained growth in user numbers and increased engagement, with daily active users growing by 47% compared to the same period last year. This growth has been partly fueled by heightened platform interaction and the implementation of machine translation on a global scale. The expectation is that these positive trends will persist as the company introduces new advertising formats and begins monetizing additional features such as search, video, and shopping, thereby improving operating leverage.
Reddit reported a more significant outperformance this quarter than in its first complete quarter as a public entity and notably achieved GAAP earnings positivity in the period. This performance was propelled by a 56% increase in advertising revenues. Reddit is considered to still be at a preliminary stage of enhancing user growth and escalating monetization efforts.
Here are the latest investment ratings and price targets for $Reddit (RDDT.US)$ from 11 analysts:
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美東時間10月31日，多家華爾街大行更新了$Reddit (RDDT.US)$的評級，目標價介於99美元至120美元。
高盛集團分析師Eric Sheridan維持持有評級，並將目標價從60美元上調至105美元。
摩根大通分析師Doug Anmuth維持持有評級，並將目標價從77美元上調至110美元。
美銀證券分析師Justin Post維持持有評級，目標價99美元。
花旗分析師Ronald Josey維持買入評級，並將目標價從70美元上調至120美元。
富瑞集團分析師John Colantuoni維持買入評級，並將目標價從100美元上調至120美元。
此外，綜合報道，$Reddit (RDDT.US)$近期主要分析師觀點如下：
公司第三季度的表現超出預期，並且伴隨着強勁的第四季度預測。Reddit正在從結構性增強中獲益，因爲它有效地執行其涵蓋產品開發、用戶增長和營業收入的全面策略。
公司對Reddit的價格目標調整被擱置一旁，專注於強勁的第三季度業績和第四季度的營業收入和EBITDA預測超過市場預期。在發佈業績後，估算值已經調整以適應增加的廣告營收，儘管受到數據營收略微下降的影響。廣告業績的持續強勁被視爲積極，但也暗示着目前股票的高估值可能限制其增長潛力。
公司季度業績明顯強勁，營業收入超出共識預測11%，EBITDA超過指導上限57%。令人印象深刻的財務表現得益於用戶數量的持續增長和參與度提高，日活躍用戶數較去年同期增長47%。這種增長在一定程度上受到平台互動的加強和全球範圍內機器翻譯的實施的推動。預期這些積極趨勢將持續，隨着公司推出新的廣告格式，開始實現對搜索、視頻和購物等其他功能的貨幣化，從而提高運營槓桿。
Reddit在本季度的表現超出了首個完整季度作爲上市實體的情況，並顯着實現了該時期的GAAP收益爲正。這一業績得益於廣告營收的增長56%。Reddit被認爲仍處於增強用戶增長和加大貨幣化力度的初期階段。
以下爲今日11位分析師對$Reddit (RDDT.US)$的最新投資評級及目標價：
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