Reddit stock climbs
Reddit stock climbs after Jefferies initiates coverage with a buy rating
Shares of Reddit Inc. were up 2.6% Wednesday after Jefferies initiated coverage of the social-media platform with a buy rating. Jefferies estimated that Reddit’s Ebitda will more than double in the next two years to around $450 million.
Reddit Stock Rises as Jefferies Calls Stock a 'Buy' on AI Strengths
Key Takeaways Reddit shares rose Wednesday after analysts at Jefferies initiated coverage of the company with a "buy" rating.The company has secured contracts with Google and OpenAI to use its content in the training of generative AI models.
Reddit Stock Boosted by Fresh Analyst Coverage
Options traders are flocking to bullish bets today. At last check, 3,673 calls have crossed the tape, volume that's triple the average intraday amount and well above the 698 puts traded so far. New positions are being sold to open at the most popular position, the weekly 10/25 80-strike call.
Jefferies initiates Reddit with 'buy' on opportunity from user growth
Financial writer reports Jefferies bullish on Reddit's (RDDT) growth potential, AI-driven enhancements driving user engagement and revenue growth.
Reddit Stock Gains After Jefferies Initiates With Bullish View On Ad Strength, AI Deals
Reddit stock gained in early trading Wednesday after Jefferies initiated coverage of the social media company at buy.
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Reddit Inc (RDDT) Stock: Understanding Its Underlying Value
On Friday, Reddit Inc (RDDT) stock saw a modest uptick, ending the day at $73.25 which represents a slight increase of $3.35 or 4.79% from the prior close of $69.9. The stock opened at $69.95 and ...
Reddit, Inc. (NYSE:RDDT) Receives $66.12 Consensus Price Target from Analysts
Shares of Reddit, Inc. (NYSE:RDDT – Get Free Report) have received a consensus rating of “Moderate Buy” from the nineteen ...
Reddit gains 4% as Jefferies starts at Buy on user growth, monetization room
Reddit stock (RDDT) rose 4% early Wednesday, among top gainers in Communication Services stocks, after Jefferies initiated ...
Reddit Stock Faces Caution from JP Morgan: Strong Fundamentals, But Valuation Concerns Persist
JP Morgan analyst Doug Anmuth maintained a Neutral rating on Reddit, Inc (NYSE:RDDT) with a price target of $77, up from $59.
White House Joins Reddit: Once A Waffle House Idea, Now Source For 'Critical Information' And Hurricane Milton Updates
The White House has an official Reddit account. A look at the importance and what the Biden and Harris administration is ...
Analyst reboots Reddit stock price target ahead of earnings
The Subreddit Hunt seeks out those with “penchants for puzzles,” in which participants must complete several "directives" to ...
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What’s Causing Reddit Inc (RDDT) Stock’s 52.19% Jump Over the Last Six Months?
Reddit Inc (RDDT) stock saw a modest uptick, ending the day at $72.38 which represents a slight increase of $4.91 or 7.28% from the prior close of $67.47. The stock opened at $69.52 and touched a low ...
Jim Cramer on Reddit, Inc. (RDDT) CEO Steve Huffman: ‘I Think He’s Doing A Rather Remarkable Job’
We recently published an article titled Jim Cramer on Super Micro Computer and Other Stocks. In this article, we are going to ...
Reddit Inc Class A: A Conviction Buy with Upward Momentum into 2024
Needham analyst Laura Martin has maintained their bullish stance on RDDT stock, giving a Buy rating today. Laura Martin’s rating is ...