Reddit (RDDT) PT Raised to $110 at JPMorgan
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Reddit (RDDT) PT Raised to $105 at Goldman Sachs
October 30, 2024 6:16 AM EDTGoldman 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 EDTBofA 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
Reddit shares surge on strong results, guidance
October 29, 2024 4:20 PM EDTReddit Inc (NYSE: RDDT) reported better-than-expected third-quarter results and provided strong guidance, sending its shares soaring over 17% in after-hours trading.
The social media platform posted adjusted earnings per share of $0.16,... More
Reddit shares jump 22% as AI deals boost quarterly revenue forecast
October 29, 2024 4:13 PM EDTBy Jaspreet Singh
(Reuters) -Reddit on Tuesday reported its first quarterly profit and forecast fourth-quarter revenue above estimates, helped by its AI content licensing deals and strong digital advertising spending, sending its shares up 22% in extended trading.
Reddit's results, its third after going public in March, stoke confidence that more advertisers are turning to the platform, driven by initiatives including translation into other languages by using machine learning to tap new users.
In 2025, the company will be modernizing its... More
Reddit, Inc. (RDDT) Tops Q3 EPS by 39c; beats on guidance
October 29, 2024 4:10 PM EDTReddit, Inc. (NYSE: RDDT) reported Q3 EPS of $0.16, $0.39 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $348.4 million, versus $312.8 million reported last year.
GUIDANCE:
Reddit, Inc. sees Q4 2024 revenue of $385-400 million, versus the consensus of $357.9... More
Reddit (RDDT) call put ratio 1.4 calls to 1 put into quarter results
October 29, 2024 11:03 AM EDTReddit (NYSE: RDDT) November 1 weekly call option implied volatility is at 196, November is at 98; compared to its 52-week range of 51 to 156 into the expected release of quarter results today after the bell.
... MoreReddit (RDDT) November 1 weekly option implied volatility elevated into quarter results
October 28, 2024 11:15 AM EDTReddit (NYSE: RDDT) November 1 weekly call option implied volatility is at 143, November is at 85; compared to its 52-week range of 51 to 156 into the expected release of quarter results after the bell on October 29.
... MoreReddit (RDDT) November 1 weekly 81 straddle priced into quarter results
October 28, 2024 5:52 AM EDTReddit (NYSE: RDDT) November 1 weekly 81 straddle priced for a move of 12% into the expected release of quarter results after the bell on October 29.
... More