Professional
Added to YB: 2024-11-14
Pitch date: 2024-11-14
RDDT [bullish]
Reddit, Inc.
+74.53%
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
$128.79
Price Target
250.00 (+11%)
Dividend
N/A
EV/EBITDA
115.87
P/E
104.06
EV/Sales
17.32
Sector
Interactive Media and Services
Category
growth
Raymond James Sets $250 Price Target on Reddit
RDDT: Raymond James bull case $250. Agency checks show 2x+ CPM potential with top ROAS. Strong Buy despite +175% YTD. Elite digital ad platform potential, scaling $1B to $5B revenue. Premium multiple warranted vs peers at similar growth stage. PT $150.
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