Reddit misses daily active unique visitors estimates on Google algorithm change, shares tumble
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Reddit (RDDT) PT Raised to $185 at JPMorgan
February 13, 2025 5:25 AM ESTJPMorgan analyst Doug Anmuth raised the price target on Reddit (NYSE: RDDT) to $185.00 (from $142.00) while maintaining a Neutral rating.
The analyst comments "RDDT shares traded down -13% post-close driven by slower than expected DAUq growth & a slightly softer than expected 1Q revenue outlook, albeit against high expectations. We believe DAUq growth softened after Thanksgiving primarily across US logged-out users driven by the Google search algo change (Google ~40-50% of RDDTs traffic), crawling issues that impacted Googles ability to scrape data which drove RDDTs rankings lower, & typically softer holiday seasonality.... More
Reddit (RDDT) PT Lowered to $225 at Jefferies
February 13, 2025 5:19 AM ESTJefferies analyst John Colantuoni lowered the price target on Reddit (NYSE: RDDT) to $225.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "RDDT continued to execute on diversifying customers/products to help deliver a 5th straight acceleration in Advertising Revenue. However, impressive... More
Raymond James Reiterates Strong Buy Rating on Reddit (RDDT)
February 13, 2025 5:09 AM ESTRaymond James analyst Josh Beck reiterated a Strong Buy rating and $250.00 price target on Reddit (NYSE: RDDT)
The analyst comments "The Call: Reiterate Strong Buy on RDDT and would be buyers on the pullback as late quarter Google algorithm changes (note Google core update December 12-18) contributed to an unexpected... More
Reddit (RDDT) PT Raised to $220 at Citi
February 13, 2025 4:53 AM ESTCiti analyst Ronald Josey raised the price target on Reddit (NYSE: RDDT) to $220.00 (from $200.00) while maintaining a Buy rating.
The analyst comments "Although Reddit reported a beat & raise quarter with 4Q revenue & EBITDA coming in ~6% and 21% above consensus, respectively, and 1Q revenue and EBITDA... More
