Reddit shares surge on strong results, guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/24/2026

1. NVDA
2. JMKE
3. SPY
4. BABA
5. REF
6. XPEV
7. USO
8. TSLA
9. REAX
10. BA

Go back to Reddit shares surge on strong results, guidance

Reddit (RDDT) PT Raised to $110 at JPMorgan

October 30, 2024 6:20 AM EDT

JPMorgan analyst Doug Anmuth raised the price target on Reddit (NYSE: RDDT) to $110.00 (from $77.00) while maintaining a Neutral rating.

The analyst comments "RDDT shares traded up +25% post-close as 3Q results & 4Q guidance across Revenue & Adj. EBITDA exceeded JPMe, consensus, & investor expectations. RDDTs 4Q guide assumes stable macro ad trends & we believe Reddit is benefitting from structural improvements as the company executes across its strategy across... More

Reddit (RDDT) PT Raised to $105 at Goldman Sachs

October 30, 2024 6:16 AM EDT

Goldman Sachs analyst Eric Sheridan raised the price target on Reddit (NYSE: RDDT) to $105.00 (from $68.00) while maintaining a Neutral rating.

The analyst comments "We recap RDDTs Q324 earnings report which reflected a few key themes: 1) significant upside to Q3 revenues driven by a continued scaling... More

Reddit (RDDT) PT Raised to $99 at BofA Securities

October 30, 2024 6:07 AM EDT

BofA Securities analyst Justin Post raised the price target on Reddit (NYSE: RDDT) to $99.00 (from $84.00) while maintaining a Neutral rating.

The analyst comments "3Q Rev/EBITDA at $348mn/$94mn was above Street at $310mn/$58mn. 3Q ad revenue at $315mn beat... More