Professional
Added to YB: 2024-10-10
Pitch date: 2024-10-09
RDDT [bullish]
Reddit, Inc.
+217.98%
current return
Author Info
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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
$70.69
Price Target
90.00 (-60%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
growth
Jefferies Initiates Reddit at Buy with $90 Price Target
RDDT: Jefferies Buy, $90 PT. EBITDA to double in 2 yrs to $450M (12% above 2026 consensus). High user growth & monetization upside. Data licensing opportunity from AI. Valuation: $65/share Advertising, $25/share Data Licensing. Analyst: John Colantuoni.
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