Professional
Added to YB: 2025-05-13
Pitch date: 2025-05-07
RDDT [neutral]
Reddit, Inc.
+107.65%
current return
Author Info
No bio for this author
Company Info
Reddit, Inc. operates a digital community in the United States and internationally. The company’s platform enables user to engage in conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share laughs, and find belonging.
Market Cap
$35.2B
Pitch Price
$108.25
Price Target
140.00 (-38%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
growth
Goldman Sachs Raises Reddit Price Target to $140, Maintains Neutral Rating
RDDT: Goldman raised PT to $140, maintains Neutral. Q1 showed solid rev growth, healthy user trends but April deceleration. Positive on AI, ad performance, revenue diversification, operating leverage. Long-term bull case: digital ads, AI, creator economy. Awaiting better visibility on user growth sustainability and ad macro.
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